Hello experts,

I have worked on these five problems on my homework and each time i either get different answers or i get an answer that is absent from the multiple choice sections. Any help on these five questions?

-Thank You!

1)

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	$ 39,500	$ 34,250
Short-term investments	110,000	70,000
Accounts receivable, net	95,500	89,500
Merchandise inventory	131,000	135,000
Prepaid expenses	14,100	11,700
Plant assets	398,000	348,000
Accounts payable	103,400	117,800
Net sales	721,000	686,000
Cost of goods sold	400,000	385,000

87.1.

55.7.

48.3.

46.7.

119.5.

2)

Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for operating expenses using Net sales as the base.

	2015	2014
Net sales	$ 489,400	$ 397,800
Cost of goods sold	210,400	134,660
Operating expenses	76,690	73,910
Net earnings	38,740	27,490

123.0% for 2015 and 100.0% for 2014.

19.3% for 2015 and 20.4% for 2014.

43.0% for 2015 and 33.9% for 2014.

27.3% for 2015 and 15.3% for 2014.

15.7% for 2015 and 18.6% for 2014.

3)

Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for cost of goods sold using Net sales as the base.

	2015	2014
Net sales	$ 292,600	$ 244,200
Cost of goods sold	156,400	129,980
Operating expenses	56,890	54,830
Net earnings	28,660	20,410

119.8% for 2015 and 100.0% for 2014.

53.5% for 2015 and 53.2% for 2014.

72.9% for 2015 and 75.7% for 2014.

137.2% for 2015 and 132.1% for 2014.

9.8% for 2015 and 8.4% for 2014.

4)

Ash Company reported sales of $570,000 for Year 1, $620,000 for Year 2, and $670,000 for Year 3. Using Year 1 as the base year, what were the percentage increases for Year 2 and Year 3 compared to the base year?

92.0% for Year 2 and 85.1% for Year 3.

92.0% for Year 2 and 92.5% for Year 3.

85.1% for Year 2 and 92.5% for Year 3.

117.5% for Year 2 and 108.8% for Year 3.

108.8% for Year 2 and 117.5% for Year 3.

5)

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2.

	Year 2	Year 1
Net sales	$ 481,500	$ 426,850
Cost of goods sold	276,900	250,720
Interest expense	10,300	11,300
Net income before tax	67,850	53,280
Net income after tax	46,650	40,500
Total assets	318,300	291,600
Total liabilities	178,400	167,900
Total equity	139,900	123,700

1.78.

3.44.

2.28.

1.28.

0.78.