Question

See Table showing financial statement data and stock price data for Mydeco Corp

a. How did Mydecos accounts receivable days change over this period? The accounts receivable days for 2012 is days. (Round t

2015 2016 601.6 (297.4) 304.2 (65.7) (121.6) (77.3) (39.0) 66.3 (38.9) 27.4 (9.6) 17.8 55.9 $0.32 2016 2.2 $0.04 89.1 2012-20

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Answer #1

The number of days in an year is taken to be 365. As the drop down options in part c are not mentioned it has not been answered.

fix 365/B9 B10 В C 1 2012 2016 2 Account Receivable 89.5 84.9 3 Revenue 407.2 601.6 -в3/B2 -С3/C2 =365/C4 4 Receivable Turnov

X 365/B9 B10 C 1 2012 2016 2 Account Receivable 89.5 84.9 407.2 601.6 3 Revenue 4 Receivable Turnover Ratio 4.55 7.09 5 Accou

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