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Case 2 ( 4 Marks) An analyst would like to evaluate Lenovo Group's efficiency in collecting its accounts receivable during the fiscal year ended 31

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Case 2 ( 4 Marks) An analyst would like to evaluate Lenovo Group's efficiency in collecting its accounts receivable during the fiscal year ended 31 March 2019. The analyst gathers the following information from Lenovo's annual and interim reports: USS in Thousands Accounts receivable as of 31 482,086 March 2018 Accounts receivable as of 31 1,021,062 March 2019 Sales Revenue for year 16,604,815 ended 31 March 2019 Instructions Calculate and interpret Lenovo's receivables turnover and number of days of collection for the fiscal year ended 31 March 2019

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