Heritage antiquing services comparative income statement and reconciliation (dollars in thousands) this year last year sales $ 66,000 $ 64,000 cost of goods sold 43,000 42,000 gross margin 23,000 22,000 selling and administrative expenses: selling expenses 11,500 11,000 administrative expenses 7,400 7,000 total selling and administrative expenses 18,900 18,000 net operating income 4,100 4,000 interest expense 800 800 net income before taxes 3,300 3,200 income taxes 1,320 1,280 net income 1,980 1,920 dividends to preferred stockholders 60 400 net income remaining for common stockholders 1,920 1,520 dividends to common stockholders 450 450 net income added to retained earnings 1,470 1,070 retained earnings, beginning of year 32,610 31,540 retained earnings, end of year $ 34,080 $ 32,610 required: compute the following financial data for short-term creditors for this year: 1. accounts receivable turnover. (round your answer to 1 decimal place.) 2. inventory turnover. (round your answer to 1 decimal place.)

List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.

25. kerry company plans to sell 200,000 units of finished product in july and anticipates a growth rate in sales of 5% per month. the desired monthly ending inventory in units of finished product is 80% of the next month's estimated sales. there are 150,000 finished units in inventory on june 30. kerry company's production requirement in units of finished product for the three-month period ending september 30 is: a. 712,025 units b. 630,500 units c. 664,000 units d. 665,720 units

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)