The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,560,300 and cost of goods sold was $8,908,695. All of Pelican's sales are made on account and are due within 30 days. Prior Year Current Year
Cash and cash equivalents $556,330 $607,780
Accounts receivable 4,590,000 3,804,000
Inventory 924,360 1,235,440
Total current assets 8,600,030 8,420,100
Total assets 11,104,020 10,984,000
Total current liabilities 7,340,300 7,216,000
Total liabilities 8,453,900 8,248,700
A. Current ratios as of the end of the current and prior year.
B. Calculate the receivables turnover ratio for the current year.
C. Calculate the days to collect for the current year.
D. Calculate the inventory turnover ratio for the current year.
E. Calculate the days to sell for the current year.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

In the current period, forward co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete. if forward co. incurred production costs of $34,980, what was forward's cost per equivalent unit for the period? (note: round your answer to two decimal places.)

Areview of the ledger of sheridan company at december 31, 2017, produces these data pertaining to the preparation of annual adjusting entries. 1. prepaid insurance $19,661. the company has separate insurance policies on its buildings and its motor vehicles. policy b4564 on the building was purchased on july 1, 2016, for $13,290. the policy has a term of 3 years. policy a2958 on the vehicles was purchased on january 1, 2017, for $8,586. this policy has a term of 18 months. 2. unearned rent revenue $468,720. the company began subleasing office space in its new building on november 1. at december 31, the company had the following rental contracts that are paid in full for the entire term of the lease. term (in months) number of leases date monthly rent nov. 1 8 $5,450 6 dec. 1 6 $8,630 4 3. notes payable $43,200. this balance consists of a note for 6 months at an annual interest rate of 7%, dated october 1. 4. salaries and wages payable $0. there are 9 salaried employees. salaries are paid every friday for the current week. 6 employees receive a salary of $620 each per week, and 3 employees earn $755 each per week. assume december 31 is a wednesday. employees do not work weekends. all employees worked the last 3 days of december. prepare the adjusting entries at december 31,2017.