Problems 5-5 Interpreting accounts receivable turnover (LO5-7) Packaging Corporation of America produces containerboard and white papers. KapStone Paper and Packaging Corporation manufactures unbleached kraft paper products and corrugated products. Financial statement data for these two companies follow: Packaging Corporation of America ($ in millions of dollars) 2011 2012 2013 2014 Sales $ 2,843.9 $ 3,665.3 $ 5,852.6 Accounts receivable at December 31 $ 320.0 352.1 643.1 646.1 KapStone Paper and Packaging Corporation ($ in millions of dollars) 2011 2012 2013 2014 Sales $ 1,216.6 $ 1,748.2 $ 2,300.9 Accounts receivable at December 31 $ 108.3 111.6 232.3 228.7 Required: Determine the receivables turnover ratios for both companies for 2012, 2013, and 2014. (Use 365 days in a year. Round your answers to 1 decimal place.) Which company collected its accounts receivable more quickly in 2014

Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?