Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Comment on the changes between these two years. More specifically, how do the changes in Days Sales Outstanding figures between 2017 and 2016 reflect changes in collection experience and, other things equal, shareholder value
Transcribed Image Text:2017
2016
Answer
Amounts
Amounts
Answer
Transcribed Image Text:Days Sales
Outstanding
Accounts Receivable
8,773
48.61
7,695
46.11
(Annual Sales / 365)
180
167
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