A recent annual report for NPS contained the following data: (dollars in thousands) Current YearPrevious Year Accounts receivable $3,627,000 $4,637,000 Less: Allowance for doubtful accounts 186,000 152,000 Net accounts receivable $3,441,000 $4,485,000 Net sales (assume all on credit) $36,297,000 Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.)

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of