I need help with these accounting questions please.

1. Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Wal-Mart Stores, Inc. Income Statement Data for Year $65,600 $410,000 44,000 308,000 14,600 75,000 690 2,100 (90) (420) 1,400 7,300 $ 4,820 $ 17,180 Balance Sheet Data (End of Year) $17,000 $48,000 26,700 120,000 Total assets $43,700 $168,000 Current liabilities $11,000 $56,000 17,000 45,000 15,700 67,000 $43,700 $168,000 Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $45,000 $165,000 13,600 66,000 10,000 58,000 31,400 99,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $7,800 $4,000 6,900 34,500 5,700 26,900 1,800 12,400 450 3,600 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Ratio Target Wal-Mart (1) Current ratio :1 :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin % % (7) Asset turnover times times (8) Return on assets % % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % (11) Times interest earned times times $ $ (12) Free cash flow 2. Calico Corners decides to sell $400,000 of its accounts receivable to Fast Cash Factors Inc. Fast Cash Factors assesses a service charge of 3% of the amount of receivables sold. Prepare the journal entry that Calico Corners makes to record this sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 3. Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Wal-Mart Stores, Inc. Income Statement Data for Year $65,357 $408,214 Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets 45,583 304,657 15,101 79,607 707 2,065 (94 ) (411 ) 1,384 7,139 $ 2,488 $ 14,335 Balance Sheet Data (End of Year) $18,424 $ 48,331 26,109 122,375 Total assets $44,533 $170,706 Current liabilities $11,327 $ 55,561 17,859 44,089 15,347 71,056 $44,533 $170,706 Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $44,106 $163,429 13,712 65,682 10,512 55,390 30,394 97,747 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $7,525 $ 4,025 6,942 33,836 5,881 26,249 1,729 12,184 496 4,217 (b) Compare the liquidity, solvency, and profitability of the two companies. 4. Hank Cook is confused about the lack of agreement between the cash balance per books and the balance per bank. Explain the causes for the lack of agreement to Hank and give an example of each cause. 5. How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? 6. Since hiring a new sales director, Tilton Inc. has enjoyed a 50% increase in sales. The CEO has also noticed, however, that the company's average collection period has increased from 17 days to 38 days. What might be the cause of this increase? What are the implications to management of this increase? 7. Pina Colada Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $370000 and credit sales are $1480000. Management estimates that 6% of accounts receivable will be uncollectible. What adjusting entry will Pina Colada Corp. make if the Allowance for Doubtful Accounts has a credit balance of $3700 before adjustment? Bad Debt Expense 18500 Allowance for Doubtful Accounts Bad Debt Expense 18500 14800 Accounts Receivable Bad Debt Expense 14800 25900 Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts 25900 7400 7400 8. On January 15, Wildhorse Co. sells merchandise on account to Wildhorse Associates for $7500 with terms 5/10, n/30. On January 20, Wildhorse returns merchandise worth $1500 to Wildhorse. On January 24, payment is received from Wildhorse for the balance due. What is the amount of cash received? $5625 $6000 $5700 $4800 For questions 9, 10, and 11 use the Apple reference below... 9. What was Apple's balance in cash and cash equivalents at December 31, 2014? Click here to view Appendix A. $ Cash and cash equivalents Did it report any restricted cash? million s 10. How did Apple define cash equivalents? 11. What types of receivables does Apple report on its balance sheet? Does it use the allowance method or the direct write-off method to account for uncollectibles