Question
Tesla, Inc. is analyzing its accounts receivable turnover for the year ending December 31, 20X9. The following data is provided: Net Credit Sales: $100,000,000
Tesla, Inc. is analyzing its accounts receivable turnover for the year ending December 31, 20X9.
The following data is provided:
● Net Credit Sales: $100,000,000
● Beginning Accounts Receivable: $20,000,000
● Ending Accounts Receivable: [Calculation 7]
● Average Collection Period: [Calculation 8]
Calculate the following:
a) Ending Accounts Receivable b) Accounts Receivable Turnover Ratio c) Days Sales
Outstanding (DSO) d) Bad Debt Expense
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Financial Statement Analysis and Security Valuation
Authors: Stephen Penman
5th edition
78025311, 978-0078025310
