Question: QUESTION 1 7 . ( 1 5 marks in total ) a ) The following financial data is available for firm TEZLA for the year

QUESTION 17.(15 marks in total) a) The following financial data is available for firm TEZLA for the year 2019. Balance sheet: Average inventory: USD 750000. Average accounts receivable: USD 300000. Average accounts payable: USD 525000. Average cash position: USD 10000. Income statement: Revenue: USD 4445700. Costs of goods sold: USD 2631650. Calculate the cash conversion cycle for TEZLA. (8 marks) b) Assume that TEZLA and its suppliers agree on the following credit terms: 2/20 net 50. Calculate the effective annual interest rate EAR. (7 marks)
QUESTION 1 7 . ( 1 5 marks in total ) a ) The

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