Question
Johnny Goodman Inc (JGI) is a large public company that operates in the brewing industry. Selected financial information from their most recent financial statements for
Johnny Goodman Inc (JGI) is a large public company that operates in the brewing industry. Selected financial information from their most recent financial statements for the year ending December 31, 2010 is presented below.
Current Assets: $24,500
Current Liabilities: $2,800
JGI currently uses the AR (Accounts receivable) aging method to value their AFDA (allowance for doubtful accounts). The controller tells you that if he had used the percentage of Sales method, the AFDA balance would have been $25 higher. Therefore, if JDI used the percentage of Sales method to value the AFDA instead of the AR Aging method, what would be the amount of the working capital?
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Environmental Audit A Compendium For Nicaragua
Authors: Amarus Aurelio Urbina
1st Edition
6203976547, 978-6203976540
