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Presented below are select financial data from Leahy Inc.'s annual report: In millions Year 2 Year 1 Balance sheet Accounts receivable (net) $7,421 $6,882 Inventory
Presented below are select financial data from Leahy Inc.'s annual report:
| In millions | Year 2 | Year 1 |
| Balance sheet | ||
| Accounts receivable (net) | $7,421 | $6,882 |
| Inventory | 3,930 | 3,119 |
| Income statement | ||
| Net sales | $45,630 | $36,899 |
| Cost of goods sold | 5,936 | 4,617 |
How many days, on average, did it take Leahy Inc. to collect an outstanding receivable during Year 2?
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A Blueprint For Lean Audit Lead Your Company To Higher Performance Levels
Authors: Maurice Washpun
1st Edition
B09R3DSLFF, 979-8408643707
