Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. $ millions Procter & Gamble Colgate-Palmolive 2018 Net sales $66,832 $15,544 2018 Accounts receivable 4,639 1,386 2017 Accounts receivable 4,548 1,465 a. Compute the accounts receivable turnover and DSO for both companies for 2018. Note: Do not round until your final answer. Note: Round your final
Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. $ millions Procter & Gamble Colgate-Palmolive 2018 Net sales $66,832 $15,544 2018 Accounts receivable 4,639 1,386 2017 Accounts receivable 4,548 1,465 a. Compute the accounts receivable turnover and DSO for both companies for 2018. Note: Do not round until your final answer. Note: Round your final
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
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Evaluating Accounts Receivable Turnover for Competitors
The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances.
| $ millions | Procter & Gamble | Colgate-Palmolive |
|---|---|---|
| 2018 Net sales | $66,832 | $15,544 |
| 2018 Accounts receivable | 4,639 | 1,386 |
| 2017 Accounts receivable | 4,548 | 1,465 |
a. Compute the accounts receivable turnover and DSO for both companies for 2018.
Note: Do not round until your final answer.
Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555).
| Procter & Gamble | Colgate-Palmolive | |
|---|---|---|
| AR turnover | Answer
|
Answer
|
| DSO | Answer
|
Answer
|
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