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.

The table below contains selected financial information included in the

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

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Requirement 1 Tyson Pilgrims Pride Receivables turnover 41373 2504 times 8180 ... View full answer

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