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?

The average daily foreign exchange trading by banks around the world is closest to $ a. 1.5 trillion b. 1 trillion c. 600 billion d. 700 billion e. 1.3 trillion

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?