What basis should she use for computing gain or loss

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Reference no: EM131940804

1. Florence purchased the following shares of Coastal stock: 75 shares for $2,549.75 in 2012, 80 shares for $2,750.52 in 2013, and 90 shares for $2,812.13 in 2014. She sold 175 shares of Coastal in 2016 and did not identify which shares she sold. What basis should she use for computing gain or loss?

1)$5,436 2)$5,651 3)$5,795 4) $5,925

2. All for a dollar had account receivable of $4,000,000, account payable of $3,700,000. inventories of $9,100,000, annual sales of $ 51,000,000 and net income of $8,750,000. what is its days sales outstanding ratio to two decimal places?

Reference no: EM131940804

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