In mid-nineteenth century Britain, promotion in the civil service was in practice mainly based on

McFadden Clothing Store reported the following selected items at June 30, 2017 (last year - 2016 - amounts are also given as needed)

Cash $ 80,000 Accounts Receivable, net: June 30, 2017 June 30, 2016 45,000 53,000 Accounts Payable 55,000 Cost of Goods Sold 288,000 Merchandise Inventory June 30, 2017 June 30, 2016 70,000 90,000 Net Credit Sales Revenue 480,000 Long-Term Assets 220,000 Long-Term Liabilities 140,000 Other Current Assets 150,000 Other Current Liabilities 130,000 Short-term Investments 40,000 Compute McFadden's accounts receivable turnover ratio 2017. Show your computations. (Round the answer to 2 decimal places. ) What will be an ideal response

Cost of capital is commonly used interchangeably with all of the following terms EXCEPT

A) the internal rate of return for new investments. B) the hurdle rate for new investments. C) the firm's opportunity cost of funds. D) the firm's required rate of return.