Evergreen Corp. has a current accounts receivable balance of $625,000. Credit sales for the year just ended were $6,750,000. a) What is the company's receivables turnover? b) What is the company's days' sales in receivables? c) How long did it take on average for credit customers to pay off their accounts during the past year?

Arlington Supplies Ltd. manufactures and sells cardboard boxes. The stock of boxes was included in the closing inventory as of December 31, 2010, at a cost of $65 each per bundle. During the final audit, the auditors noted that the subsequent sale price for the inventory on January 20, 2011, was $50 per bundle. Additionally, an inquiry revealed that during the physical stock take, a storage issue led to minor water damage, affecting the structural integrity of the boxes. As a result, Arlington Supplies Ltd. spent $18 per bundle for drying and reinforcing the boxes. The net realizable value and inventory write-down (loss) amount to: (a) $50 and $15 respectively. (b) $47 and $18 respectively. (c) $32 and $33 respectively. (d) $40 and $25 respectively. (e) $35 and $30 respectively.

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