Given the Following Information,calculate for Year 2 the Number of Days

question 49

Essay

Given the following information,calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
$$\begin{array} { l c c c } & \text { Year 1 } & \text { Yerar } 2 \\\text { Accounts Receivable, net } & 518 & 562\\\text { Accounts Payable } &203&192\\\text { Inventary } &535 & 564 \\\\\text { Credit Sales } & 3,205 & 3,636\\\text { Cast af Gads Sald } & 2,037 & 2,294 \\\text { Selling and Adrin Estuense } & 1,081 & 1,131 \\\end{array}$$

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Definitions:

Expiration

In finance, expiration refers to the date on which a derivative contract (such as options or futures) ceases to exist and settles between the contracting parties.

Arbitrage Opportunity

The chance to buy an asset at a low price in one market and simultaneously sell it at a higher price in another, realizing a profit with no risk.

American Call Option

An American call option is a financial contract that gives the holder the right, but not the obligation, to buy an asset at a specified price before the option expires.

Exercise Price

The specified price at which the option holder can buy or sell the underlying asset in options trading.