Windswept, Inc. 2017 Income Statement ($ in millions)

Net sales $9,700
Cost of goods sold 7,800
Depreciation 395
Earnings before interest and taxes $1,505
Interest paid 94 Taxable income $1,411
Taxes 494
Net income $917

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
2009 2010 2009 2010
Cash $290 $320 Accounts payable $1,630 $1,885
Accounts rec. 1,120 1,020 Long-term debt 1,180 1,340
Inventory 2,000 1,775 Common stock $3,500 $3,080
Total $3,410 $3,115 Retained earnings 670 920
Net fixed assets 3,570 4,110
Total assets $6,980 $7,225 Total liab. & equity $6,980 $7,225

a. What is the days' sales in receivables? (use 2010 values)
b. Windswept, Inc. has 560 million shares of stock outstanding. Its price-earnings ratio for 2010 is 12. What is the market price per share of stock?

Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.