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QUESTION 9 If a firm's supplier has a credit policy of 1/10/45, what is the...

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QUESTION 9 If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit? a. 1% b. 99% C. 10.83% d. 11.05% e. None of the above QUESTION 10 Provided the following information: Sales =$1,440,000, Cost of Goods Sold= $1,100,000, Inventory=$200,000, Receivables=$160,000, Paya bles=S100,000 and there are 365 days in a year. What is the cash conversion cycle for the firm? a. 113.55 Days b. 77.05 Days c. 150.05 Days d. 73 Days O e. None of the above

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