E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,195 $ 4,900 Allowance for Doubtful Accounts (185 ) (190 ) Accounts Receivable, Net of Allowance $ 5,010 $ 4,710 Net Sales (assume all on credit) $ 44,500 $ 43,200 Required: Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.)

Aminor has the legal right to repudiate

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?