accounting problems with A+ answers
Question # 00052406
Posted By:
Updated on: 03/06/2015 04:56 AM Due on: 03/12/2015
1. As of December 31, 20XX, David Corp's accounts payable were $4,000,000. Its accounts receivable were $2,200,000, and its sales for 20XX were $32,000,000. What was its days
sales outstanding?
sales outstanding?
2. Between December 31, 2016 and December 31, 2017, ROE at Bobcat Industries decreased even though sales increased. Using the DuPont Identity, explain what else could have happened to cause this.
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Rating:
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Solution: accounting problems with A+ answers