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