Its inventory and collect payment on that sale

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1. Les' Motors has sales of $482,800, cost of goods sold of $297,400, inventory of $169,600, and accounts receivable of $52,900. How many days, on average, does it take the firm to sell its inventory and collect payment on that sale?

2. If the dividend to be paid on a share of common stock $3.30 per share at t1, and the price of the stock is $50, the growth rate is projected as 6%, and the underwriting fee is 5% of the stock price, calculate the cost of new equity.

Reference no: EM131989601

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