Question: The table below contains selected financial information included in the 2015 financial statements of Tyson Foods Inc. and Pilgrim's Pride Corp. Required: 1. Calculate the
The table below contains selected financial information included in the 2015 financial statements of Tyson Foods Inc. and Pilgrim's Pride Corp.
.png)
Required:
1. Calculate the 2015 receivables turnover ratio and average collection period for both companies. Evaluate the management of each company's investment in receivables.
2. Obtain annual reports from three corporations in the same primary industry and compare the management of each company's investment in receivables.
You can obtain copies of annual reports from your library, from the investor relations department of the corporations, or from EDGAR (Electronic Data Gathering, Analysis, and Retrieval) on the Internet (www.sec.gov).
($ in millions) Tyson Pllgrim's Pride 2015 2015 2014 2014 Balance sheets: Accounts receivable, net $ 1,620 1,684 349 379 Income statements: Net sales $41,373$37,580 $8,180 $8,583
Step by Step Solution
3.47 Rating (173 Votes )
There are 3 Steps involved in it
Requirement 1 Tyson Pilgrims Pride Receivables turnover 41373 2504 times 8180 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1265-B-C-A-C-B-A-M(2497).docx
120 KBs Word File
