Q1) Miletkov Company's total assets fluctuate between $320,000 and $410,000, where as its fixed assets stays constant at $260,000. If firm follows maturity matching, or moderate, working capital financing policy, compute the probable level of its long-term debt and equity financing?
a)$260,642
b)$274,360
c)$288,800
d)$304,000
e)$320,000
Q2) On average, Bragg Inc. has sales of $2,000,000 per month. It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using 365-day year, determine inventory conversion period?
a) 11.7
b) 13.0
c) 14.4
d) 15.2
e) 16.7