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Caterpillar’s December 31st, 2015 balance sheet shows accounts receivable of approximately $9 billion, accounts payable of approximately $4.5 billion, and an inventory of approximately $5 billion. Their 2015 income statement shows Cost of Good Sold (COGS) of approximately $20 billion, sales of approximately $27 billion, and operating costs of approximately $22.5 billion. How long, on average, are Caterpillar’s payments outstanding? Assume a year has 360 days.
Conduct research on the impact of Medicare Part D. Share your thoughts on what you find. Has the Medicare Part D program been successful?
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