Selected recent balance sheet and income statement information for Rio, Inc. follows: (in millions) 2021 2020 Average inventory $ 150 $ 200 Average accounts receivable 1,600 1,500 Average accounts payable 900 800 Sales 20,000 15,000 Cost of goods sold 14,000 10,000 What is accounts receivable turnover (ART) for 2021

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%