1. Following are the extracts of thefinancial information of BB Ltd: Accounts payables -480,000: Accounts receivables- $390,000 Credit sales- $650,000 Cash sales- -500,000: Credit purchases- $450,000 Cash purchases $75,000 What is the accounts receivable turnover ratio of BB Ltd?
2. A British manufacturing firm that follows IFRS has recently issued a $1,000,000 bond for $995,000. Assuming that the firm paid issuance costs of $80,000 to the investment bank, the amount of bond liability on the balance sheet of the British firm will be closest to: