The financial statements of Midwest Tours are given below. 
Note: The common shares are trading in the stock market for $36 each.
Refer to the financial statements of Midwest Tours. The firm's average collection period for 2009 is
Definitions:
Effective Yield
Effective yield is the total yield of an investment, taking into account the effect of compounding interest over the period.
NPV Calculation
The process of determining the Net Present Value of a series of cash flows by discounting them to their present value using a specific rate.
Interest Charges
Costs incurred for borrowing money, calculated as a percentage of the principal amount over a given period.
Project
A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.
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