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i wanted to do M (macys) and KSS (Kohls) but i dont undertand how to calculate accounts receivable turnover or number of days sales in
i wanted to do M (macys) and KSS (Kohls) but i dont undertand how to calculate accounts receivable turnover or number of days sales in accounts receivable for 2021,2020,2019.
TESCORT Research and find the most recent 10K filing for two publicly traded merchandising companies of your choice. You can search for 10-K annual reports using SEC.gov or by visiting the website of the company, directly, and searching for the investor relationsmaterials. Make sure you use the latest available annual report for the companies which you choose and make sure the 2 companies are in the same type of industry for example Home Depot compared to Cowes, Nike compared to Under Armour: Walmart compared to Target me some good examoles) Opon completion of your research, draft your initial response by answer the following questions! Glve an overview of the company selected and describe the types of products that are sold by the company you researched For your selected to companies: Compute the accounts receivable turnover ratio and the number of days sales in accounts receivable for the years and the two companies you researched and show the bases of your cakulation as part of your initial response. Comment on your results. For example What is the trends in the accounts receivable turnover ratio and the number of days sales in accounts receivable for both companies How do they compare to each other? Which is more effective at collecting their accounts receivable faster Example to include at the start of your initial response Company Accounts Receivable Turnover: Year ended in 2020: 6 timer: Year ended in 2019 times ver ended in 2018. imes Number of Days Sales in Accounts Receivable: 2020:35:201930:2018:45 Company B Accounts Receivable Turnover Yeard in 2020: 8 times and 2018 me nended 2018 10 times Number of Days Accounts Receivable: 20204451 2019 60: 184 Step by Step Solution
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