29) Turns is the ratio of annual amount to average amount.
Cost turns = 57,982.85/15,545 ≈ 3.73
Sales turns = 130,935.60/35,388 ≈ 3.70
30) Consider January of the following year to be month 13.
7/16 to 13/14 is 6 months less 2 days. There are 31 days in July, August, October, and December, so 4 more days than 30 days per month. The total number of days is 6*30 -2 +4 = 182
31) I = Prt = $5380×0.118333×90/360 = $159.16
