1. ABC Company has annual sales of $180,043 and cost of goods sold of $44,437. The average accounts receivable balance is $13,627. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period? Assume 365 days. Enter your answer rounded off to two decimal points
2. ABC Inc.'s stock is currently selling for $31.71 per share. The company just paid its first annual dividend of $2.15 a share. The firm plans to increase the dividend by 3.5 percent per year indefinitely. What is the required rate of return on equity? Enter your answer in percentages rounded off to two decimal points.