Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Year 2 Year 1
Sales (all on account) $ 781,000 $ 609,000
Cost of goods sold 409,000 344,000
Average inventory during the year 133,000 123,000
Average receivables during the year 150,000 100,000
1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i. e. 0.1234 as 12%.)
2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.)
3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.)

Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls