ABC Corp. currently has an inventory turnover of 11
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ABC Corp. currently has an inventory turnover of 11 17 – ABC Corp. currently has an inventory turnover of 11, a payables turnover of 7.53, and a receivables turnover of 10.71. How many days are in the cash cycle?18 – The spot rate for the pound is Â£0.6439 = $1 and the spot rate for the Canadian dollar is C$1.2869 = $1. What is the Â£/C$ cross rate?19 – The exchange rates in New York for $1 are C$1.1919 and Â£0.6782. A dealer is offering the following quote: C$1 will buy Â£0.8774. What is the profit you can earn on $19,546 using triangle arbitrage?20 – ABCâs last dividend paid was $4.58, its required return is 19%, its growth rate is 7%. What is ABC’s expected stock price in 6 years?21 – ABC Company’s last dividend was $2.8. The dividend growth rate is expected to be constant at 8% for 3 years, after which dividends are expected to grow at a rate of 4% forever. The firm’s required return (rs) is 12%. What is its current stock price (i.e. solve for Po)?22 -ABC Company has the following projected sales:MonthSales $April 40,438May 16,201June 18,805July 42,833ABC collects 61 percent of its sales in the month of sale, 24 percent in the month following the month of sale, and another 2 percent in the second month following the month of sale. The remainder is bad debts and is not collected. What is the amount of the July collections?