1. In at least 350 words, define the efficient market hypothesis (EMH). What are the implications of EMH for corporate managers?
2. Kramerica Industries currently has an inventory turnover 15, a receivables turnover 18, and a payables turnover 20. How many days are in the cash cycle?
3. What are some ways that you can apply at least three of the advanced functions in excel that you learnedl in excel class. How would you use them at home, work or school? Please be specific. 250 word min
4. Lewis Inc. has sales of $2 million per year, all of which are credit sales. It’s days sales outstanding is 42 days. What is it’s average accounts receivable balance ? Assume a 356-day year.