Question
Days Sales in A/R = Ending Balance in Accounts Receivable/ [Sales Revenues / 365] Days' Sales in Inventory = Ending Inventory Balance/[Cost of Goods Sold
Days Sales in A/R = Ending Balance in Accounts Receivable/ [Sales Revenues / 365]
Days' Sales in Inventory = Ending Inventory Balance/[Cost of Goods Sold / 365]
what is Whirlpools Day sales in A/R and Days Sales in Inventory.
linked is the SEC 10-K
http://d18rn0p25nwr6d.cloudfront.net/CIK-0000106640/a3be0008-1dd8-4577-a2d3-071cff9f6f6d.pdf
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
