Question
2018 2019 2020 Sales 300.0 322.2 378.0 COGS (108) (129) (163) Gross Profit 192.0 193.3 215.5 SG&A (130) (155) (170) EBIT 62.0 38.3 45.5 NI
| 2018 | 2019 | 2020 | |
| Sales | 300.0 | 322.2 | 378.0 |
| COGS | (108) | (129) | (163) |
| Gross Profit | 192.0 | 193.3 | 215.5 |
| SG&A | (130) | (155) | (170) |
| EBIT | 62.0 | 38.3 | 45.5 |
| NI | 37.2 | 23.0 | 27.3 |
If the ending balance of AR in 2019 were equal to 25, and 37 in 2020. If you use Sales to Average AR ratio, and If you expect in 2021 Sales to grow at 10% and 5% in 2022 - What is ending balance of AR in 2021 and 2022?
Make a schedule for AR for your Balance Sheet model
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
8th Edition
1618531220, 9781618531223
