QUESTIONS :Problem 1: Pretty Lady Cosmetic Products has an average productions p

QUESTIONS :Problem 1: Pretty Lady Cosmetic Products has an average productions process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of thirty-five days and the firm receives forty days of credit on its purchases from supplies.Assume net sales of $1200000 and cost of goods sold of $900000. Determine the average investment in accounts receivable inventories and accounts payable. What would be the net financing need considering only these three accounts?.Problem 2 :Compute the effective coast of not taking the cash discount under the following trade credit terms:Problem 3:What conclusions can you make about credit terms from reviewing your answers to Problem 4?