Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Now suppose that Net revenue reported by XYZ for fiscal year 2009 is $60,000 million

Name:

  1. Now suppose that Net revenue reported by XYZ for fiscal year 2009 is $60,000 million. This net revenue has been reported net of bad debt expense. XYZ also experienced an increase of $2,000 million in Gross accounts receivables during fiscal year 2009. How much cash (in millions) was collected by XYZ from its customer during fiscal year 2009?

(Assume that XYZ made all sales on credit. Further assume that accounts receivables are only affected by sales to customers, collections from customers, bad debt expense, write-offs and reinstatements related to customer accounts; Accounts receivables are not affected by any non-operating items.)

Beg AFDA value 153

End AFDA value 451

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"