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what are the firms days recievable for 2018 and 2019? * thats the question for this; it accidentally got cut off at the top* Income
what are the firms days recievable for 2018 and 2019?
Income Statements (sin millions) 2018 Sales Revenue Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes (40%) Net income Dividends (45%) Additions to Retained Earnings $1,180 $660 S75 $40 $405 $170 $235 $94 $141 $63 $78 Balance Sheets ($ in millions) 2019 Assets 2018 2019 $1,265 Cash $35 $20 $780 Short-Term investments $20 $5 $92 Accounts rec. 190 235 $50 Inventory 250 300 $343 Total Current Assets S495 5560 S150 Net fixed assets 990 1,105 $193 $77 Total assets $1,485 1,665 $116 Liabilities and Owner's Equity S52 2018 2019 $64 Accounts payable $125 $100 Accruals $10 S10 Notes payable 35 40 Total Current Liabilities $170 $150 Long-term debt 598 790 Total Liabilities $768 $940 Common stock 554 498 Retained earnings 163 S227 Total Equity 717 $725 Total liab.& equity $1,485 $1,665 a. 68.24 days, 43.65 days b. 58.77 days, 67.81 days c. 44.62 days, 67.81 days d. 48.67 days, 43.65 days * thats the question for this; it accidentally got cut off at the top*
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