Last year, Toby's Hats had net sales of $\$ 45,000,000$ and cost of goods sold of $\$ 29,000,000$. Toby's had the following balances:

$$\begin{array}{lcc} & \textbf { January 1 } & \textbf { December 31 } \\ \hline \text { Accounts receivable } & \$ 5,500,000 & \$ 6,500,000 \\ \text { Inventories } & 3,000,000 & 2,800,000 \end{array}$$

Note: Round answers to one decimal place.

1. Calculate the average accounts receivable.

2. Calculate the accounts receivable turnover ratio.

3. Calculate the accounts receivable turnover in days.

True or False. Ecological succession describes the pattern of changes in communities.

Describe changes that occur in a follicle and its oocyte during maturation .

Trace the filtrate and the major changes in it from Bowman's capsule to the urethra.

Camden Hardware’s credit sales for the year were $320,000. Accounts receivable at the beginning and end of the year were$50,000 and $70,000, respectively. Calculate the accounts receivable turnover ratio and the average collection period for the year

Use the data in previous exercises to analyze the accounts receivable turnover ratios of Ralph Lauren Corporation and L. Brands, Inc.

Compute the accounts receivable turnover ratios for Ralph Lauren and L Brands for the years shown in previous exercises. Average the accounts receivable turnover ratio for the two years. Round all calculations to one decimal place.

What enthalpy changes occur when a solute dissolves in a solvent?

Let r represent the possible values of one quantity and let p represent the possible values of another quantity. Suppose r changes at a constant rate of 2 with respect to p. a. What does this mean for any change in p? b. If p changes by 6, how much does r change? c. If p changes by -3.1, how much does r change?

Determine whether each statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. If r=1, changes in one variable cause changes in the other variable. ____

Identify the important democratic changes that developed during the Jackson era.

Would a patient with familial hypercholesterolemia benefit from dietary changes?

Why is it important to record a posting reference in the accounts payable ledger?

What changes occur in the vagina just prior to and during orgasm ?

Describe how a comet changes when it comes close to the Sun.