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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: Management of Receivables: Are they

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:

Management of Receivables: Are they being collected promptly?

1. Estimate the number of days it takes to convert sales to cash (aka Days Sales in Receivables) in 2017 and 2016 (assume all sales are on credit)? (Note: Sales = Revenue = Sales Revenue)

2. Is Quest becoming more or less efficient in its collection of receivables? Why is this of interest?

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