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8/ Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.)

	Year 2		Year 1
Cash	$	38,900		$	33,650
Short-term investments		104,000			67,000
Accounts receivable, net		92,500			86,500
Merchandise inventory		128,000			132,000
Prepaid expenses		13,500			11,100
Plant assets		395,000			345,000
Accounts payable		106,400			114,800
Net sales		718,000			683,000
Cost of goods sold		397,000			382,000

Multiple Choice

45.4.

117.7.

52.9.

47.0.

85.0.

9/ Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2.

	Year 2		Year 1
Net sales		$ 481,000		$ 426,750
Cost of goods sold		276,800		250,620
Interest expense		10,200		11,200
Net income before tax		67,750		53,180
Net income after tax		46,550		40,400
Total assets		318,100		291,000
Total liabilities		178,900		167,800
Total equity		139,200		123,200

Multiple Choice

4.6.

7.6.

5.6.

13.7.

6.6.

10/ Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 2016 as the base.

	2017			2016
Net sales	$	283,700		$	232,900
Cost of goods sold		150,400			131,090
Operating expenses		53,740			51,740
Net earnings		29,520			21,320

Multiple Choice

67.5% for 2017 and 64.6% for 2016.

114.7% for 2017 and 100.0% for 2016.

35.7% for 2017 and 39.5% for 2016.

121.8% for 2017 and 100.0% for 2016.

53.0% for 2017 and 56.3% for 2016.

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