Question
last two fiscal years (dollars in thousands): 2017 2018 Sales: $14,869,380 $16,631,172 Accounts Receivable $2,113,930 $2,162,438 Calculate Days of A/R outstanding for 2017 and 2018.
- last two fiscal years (dollars in thousands):
2017 2018
Sales: $14,869,380 $16,631,172
Accounts Receivable $2,113,930 $2,162,438
Calculate Days of A/R outstanding for 2017 and 2018. If the Company expects revenue to increase by 10% in 2019 and DSO to return to 2017 levels in 2019, then how much additional capital will the Company need to raise to fund the increase in Accounts Receivable?
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Financial Management An Introduction
Authors: Jim McMenamin
1st Edition
0415181623, 9780415181624
