Question
Calculate What is the firm's days sales outstanding from the following data? Balance Sheet Current assets Cash 830,000 Acc receivable not given Inventories 1,280,000 Fixed
Calculate What is the firm's days sales outstanding from the following data?
Balance Sheet
Current assets
Cash 830,000
Acc receivable not given
Inventories 1,280,000
Fixed assets 3,830,000
TOTAL ASSETS 7,500,000
Current liabilities
Acc payable not given
Long-term debt 3,000,000
Common stock 1,050,000
Retained earnings 2,930,000
TOTAL LIAB and EQUITY 7,500,000
Income Statement
Sales 30,000,000
Operating expense 22,500,000
EBIT 7,500,000
Interest expense 420,000
EBT 7,080,000
Taxes 2,832,000
Net income 4,248,000
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
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