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1. In its most recent financial statements, ABC reported 84,000 of net income and 318,000 of retained earnings. The retained earnings at the end of the previous year were 277,000. How much in dividends was paid to shareholders during the year?

2. ABC has 25 million of accounts receivable, 46 million of inventory and 57 million of accounts payable. Its average daily sales are 921,000 and its gross profit margin is 30 percent. What is the firm's cash conversion cycle?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92355911

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