Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions): 2018 2017
Accounts receivable (net) $ 22 $ 17
Net sales $ 129 $ 114
Cost of goods sold $ 74 $ 69
Net income $ 22 $ 17
Inventory turnover 5.90
Return on assets 11.50 %
Equity Multiple 2.50

Dowling's 2018 average collection period is:

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value