1. Going public offers which two major benefits?
Diversification for shareholders and increased ability to raise capital
Shareholder loyalty and increased availability of external capital
Increased equity capital and lowered firm risk
Decreased costs of raising capital and firm growth from increased name recognition
Increased ability to raise external capital and reduced market risk
2. Dwyer Metals has an inventory turnover of 16 and an accounts receivable turnover of 10. The accounts payable period is 51 days. What is the length of the operating cycle?
62.57 days
51.84 days
65.03 days
59.31 days
52.79 days