SimpleFlight Inc has a policy of keeping accounts receivables at 47 days of sales. In 2019 they received $95M in revenue. In 2020 they expect to receive $100 M in revenues. What do you forecast their account receivables to be in 2020? (enter answer in $M, with two decimal points precision)

SimpleFlight Inc has a policy of keeping accounts receivables at 47 days of sales. In 2019 they received $95M in revenue. In 2020 they expect to receive $100 M in revenues. What do you forecast their account receivables to be in 2020? (enter answer in $M, with two decimal points precision)

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Description: SimpleFlight Inc has a policy of keeping accounts receivables at 47 days of sales.In 2019 they received $95M in revenue. In 2020 they expect to receive $100 Min revenues. What do you forecast their account receivables to be in 2020? (enteranswer in

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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