Question
Below are recent financial statements for Arizona Corp. 2018 2019 Revenu 1100 Cost of Good sold 550 Fixed Expenses 200 depreciation 100 interest expense 15
Below are recent financial statements for Arizona Corp.
2018 2019
Revenu 1100
Cost of Good sold 550
Fixed Expenses 200
depreciation 100
interest expense 15
Ebt 235
tax 82.25
net income 152.75
dividends 50
Cash 50 50
inventory 100 120
Account Receiable 50 93
PP&E 300 350
Total Assets 500 613
A/P 35 30
Long Term debt 150 165
common stock 200 200
Retained Earnings 115 218
Liablilites + Equity 500 613
How to calculate the average receivables days for 2019? Answer intwo decimal places
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
