Accounts Receivable Analysis A company reports the following
Sales $649,700
Average accounts receivable (net) 64,970
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Assume a 365-day year.

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.