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.)

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.