Accounts receivable analysis a company reports the following: sales $1,500,000 average accounts receivable (net) 100,000 determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. round interim calculations to the nearest dollar and final answers to one decimal place. assume a 365-day year. a. accounts receivable turnover b. number of days' sales in receivables days

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.