View the step-by-step solution to:

Question

Good day,

I have to answer the questions below utilizing Boeing's annual report or financial information for

2018.


Using the Annual Report of your selected company, answer the following questions in the discussion:

Compute the accounts receivable turnover at year-end. 

Compute days sales in receivables at year-end. 

Based on the acid-test ratio, accounts receivable turnover, and days sales in receivables, how does the company compare to the industry?

Top Answer

Accounts receivable turnover = 29.86 times Days sales in receivables =... View the full answer

Boeing.png

Source - Boeing Annual Report for 2018
In millions of dollars
2018
2017
Average
Accounts receivable, net
3,879
2,894
3,387
Total revenues, 2018
101,127
Accounts receivable turnover = Total revenues...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question