Question
https://www.sec.gov/Archives/edgar/data/0001022079/000102207918000038/0001022079-18-000038-index.htmLinks to an external site. Use financial statements of Quest Diagnostics in fiscal year 2017 and answer the following questions: Balance Sheet: As of the
https://www.sec.gov/Archives/edgar/data/0001022079/000102207918000038/0001022079-18-000038-index.htmLinks to an external site.
Use financial statements of Quest Diagnostics in fiscal year 2017 and answer the following questions:
Balance Sheet:
As of the end of fiscal year 2017 (Dec 31, 2017),
1. What is the largest category of current assets held?
2. How much did customers owe the company at that point in time?
3. How much did the company expect to receive in cash ("realize") from those credit customers?
4. What proportion of currently outstanding receivables does Quest not expect to collect?
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