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A company has the following items for the fiscal year 2020: Revenue = 10 million (50% is credit sales) Cost of goods sold = 3
- A company has the following items for the fiscal year 2020:
- Revenue = 10 million (50% is credit sales)
- Cost of goods sold = 3 million
- Account receivable = 0.6 million
- Account payable = 0.6 million
- Inventory = 0.5 million
Calculate the companys collection period and payable period
(You need to show (1) the formula and (2) your calculation process.)
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Introduction To Machine Learning In Quantitative Finance An Advanced Textbooks In Mathematics
Authors: Hao Ni, Xin Dong, Jinsong Zheng, Guangxi Yu
1st Edition
1786349361, 9781786349361
