1. Suppose that Freddie's Fries has annual sales of $590,000; cost of goods sold of $465,000; average inventories of $18,000; average accounts receivable of $34,000, and an average accounts payable balance of $29,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places)
35.16
12.40
57.92
1.73
2. Suppose that Tucker Industries has annual sales of $5.20 million, cost of goods sold of $2.80 million, average inventories of $1,135,000, and average accounts receivable of $520,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places)
147.96
36.50
111.46
184.46
3. FlavR Co stock has a beta of 2.02, the current risk-free rate is 2.02 percent, and the expected return on the market is 9.02 percent. What is FlavR Co's cost of equity?
20.24%
16.16%
11.04%
13.06%