Characteristics of stock, All of the following are

Characteristics of stock

Assignment Help Financial Management

Reference no: EM132049460

1. All of the following are characteristics of a Stock, except?

Form of capital

Vote directly for management

Entitlement to equity

Entitlement to stock dividends (if paid)

2. A firm has an average annual accounts receivable balance of $3,200,000, an average annual inventory balance of $2,700,000, annual sales of $15,000,000, and annual cost of goods sold of $13,500,000. How many days does it take the firm to sell its inventory and collect the payment on the sale (assume all sales are on credit)?

150.87

143.57

4.87

Reference no: EM132049460

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