Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020
Accounts receivable (net) $ 24 $ 13
Net sales $ 119 $ 104
Cost of goods sold $ 64 $ 59
Net income $ 24 $ 21
Inventory turnover 5.40
Return on assets 10.20%
Equity multiplier 2.40
Dowling's 2021 average collection period is:___.
a. 7.7%.
b. 16.7%.
c. 31.1%.
d. 24.1%.

Personal financial planning is the process of creating and achieving financial goals? true or false

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.