Research Assignment Analyzing two real-world companies’ accounts receivable
Using the most current annual reports or the Forms 10-K for Pfizer, one of the world’s largest pharmaceutical manufacturers, and Walgreens, the drugstore chain, complete the requirements below. To obtain the Forms 10-K, use either the EDGAR system following the instructions in Appendix A or the companies’ websites. The annual reports can be found on the companies’ websites.
Required
a.For each company, compute accounts receivable as a percentage of revenue. Show your computations?
b.Which company appears to be making more of its sales on account? Explain your answer.
c.Try to provide a logical explanation as to why one of these companies is making more of its sales on account that the other.
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