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what is the firm's days sales outstanding? assume a 360day year for this calculation. Balance Sheet (Millions of $) Assets 2010 Cash and securities $1,554.0
what is the firm's days sales outstanding? assume a 360day year for this calculation.
Assets
2010
Cash and securities
$1,554.0
Accounts receivable
9,660.0
Inventories
13,440.0
Total current assets
$24,654.0
Net plant and equipment
17,346.0
Total assets
$42,000.0
Liabilities and Equity
Accounts payable
$7,980.0
Notes payable
5,880.0
Accruals
4,620.0
Total current liabilities
$18,480.0
Long-term bonds
10,920.0
Total debt
$29,400.0
Common stock
3,360.0
Retained earnings
9,240.0
Total common equity
$12,600.0
Total liabilities and equity
$42,000.0
Income Statement (Millions of $)
2010
Net sales
$58,800.00
Operating costs except deprn
$54,978.0
Depreciation
$1,029.0
Earnings before int. and taxes (EBIT)
$2,793.0
Less interest
1,050.0
Earnings before taxes (EBT)
$1,743.0
Taxes
$610.1
Net income
$1,133.0
Other data:
Shares outstanding (millions)
175.00
Common dividends
$509.83
Int rate on notes payable & L-T bonds
6.25%
Federal plus state income tax rate
35%
Year-end stock price
$77.69
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International Financial Management
Authors: Jeff Madura
11th Edition
0538482966, 9780538482967
