Sandhill co. has these comparative balance sheet data:
sandhill co.
balance sheets
december 31
2017 2016
cash $33,450 $ 66,900
accounts receivable (net) 156,100 133,800
inventory 133,800 111,500
plant assets (net) 446,000 401,400
$769,350 $713,600
accounts payable $111,500 $133,800
mortgage payable (15%) 223,000 223,000
common stock, $10 par 312,200 267,600
retained earnings 122,650 89,200
$769,350 $713,600
additional information for 2017:
1. net income was $34,100.
2. sales on account were $377,100. sales returns and allowances amounted to $27,600.
3. cost of goods sold was $200,200.
4. net cash provided by operating activities was $56,000.
5. capital expenditures were $28,200, and cash dividends were $19,300.

compute the following ratios at december 31, 2017. (round current ratio and inventory turnover to 2 decimal places, e. g. 1.83 and all other answers to 1 decimal place, e. g. 1.8. use 365 days for calculation.)

(a) current ratio: (enter current ratio rounded to 2 decimal places)
(b) accounts receivable turnover: (enter accounts receivable turnover in times rounded to 1 decimal place times)
(c) average collection period. (enter average collection period in days rounded to 1 decimal place days)
(d) inventory turnover. (enter inventory turnover in times rounded to 2 decimal places times)
(e) days in inventory. (enter days in inventory rounded to 1 decimal place days)
(f) free cash flow. (enter free cash flow in dollars rounded to 1 decimal place $)

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Money from an allowance or job is known as .