Determine days to collect trade receivables for year

Assignment Help Financial Management
Reference no: EM131341083

Consider the following:

Income statement (extract)

2004

EUR

2003

EUR

2002

EUR

Sales

20,000

25,000

24,000

 

Balance sheet (extract)

31 Dec, 2004

EUR

31 Dec, 2003

EUR

31 Dec 2002

EUR

Trade and other receivables

1,950

1,900

1,850

Of the total sales, 20 per cent are for cash.

Assuming that VAT is 20 per cent, determine the days to collect trade receivables for the years 2004 and 2003. Comment on the results.

Reference no: EM131341083

Questions Cloud

Confidence interval for the population variance : a. Construct a 95% confidence interval for the population variance and standard deviation of hours spent studying. Assume the population of hours spent studying is normally distributed.
Describe the characteristics of an unhealthy relationship : Describe the characteristics of an unhealthy relationship in the workplace. Just like personal relationships, workplace relationships can be both healthy or unhealthy. The nature of one's relationships in the workplace can relate to job satisfacti..
Meaning in the context of the data : (a) What is the probability that a randomly chosen student leaving one of the main elevators weighs at least 68 kilograms to at most 90 kilograms? (b) Find the 80th percentile, and interpret its meaning in the context of the data.
What is the largest maximal clique : find how many maximal cliques are in your social network. What is the largest maximal clique? The smallest?
Determine days to collect trade receivables for year : Assuming that VAT is 20 per cent, determine the days to collect trade receivables for the years 2004 and 2003. Comment on the results.
Consider who would be involved in the individual treatment : Write a 1,050- to 1,400-word comprehensive treatment plan and interview questions that you could use when interviewing a client. Items to consider for your plan include the following: Consider who would be involved in the individual's treatment
How many nodes need to be visited to get to them : How many nodes need to be visited to get to them? Can you figure out what the largest shortest path is in your network?
Explain the role of research in clinical psychology : Address the following items: Discuss the history and evolving nature of clinical psychology. Explain the role of research and statistics in clinical psychology
Find an algorithm that minimizes the total unhappiness : Each guest ' s unhappiness at the party can be calculated as the absolute value of the differences between its actual distance from a guest and the desired distance. Find an algorithm that minimizes the total unhappiness at the party.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the forward p-e ratio of the stock

Consider Twitter's current stock price: $108.89. Current earnings per share, EPS = $1.29. If next year’s earnings are expected to be $3.14, what is the forward P/E ratio of the stock? Assume that Twitter is expected to pay no dividends for the next 5..

  What must be the dividend yield

Shares of common stock of the Leafpad Co. offer an expected total return of 8.9 percent. The dividend is increasing at a constant 2.2 percent per year. What must be the dividend yield?

  The bank ships excess vault cash to the federal reserve

Explain how each of the following will affect a bank's deposit balances at the Federal Reserve: a. The bank ships excess vault cash to the Federal Reserve. b. The bank buys U. S. government securities in the open market. c. The bank realizes a surplu..

  Cost-effective continuing professional education

Hewett and Hefner, LLP is a regional public accounting firm with 34 offices throughout the south eastern United States. To provide employees with cost-effective continuing professional education, the company maintains an in-house education and traini..

  The debt-preferred stock and common stock

Capital Co. has a capital structure, based on current market values, that consists of 22 percent debt, 17 percent preferred stock, and 61 percent common stock. If the returns required by investors are 10 percent, 12 percent, and 17 percent for the de..

  Probability range of returns for any one given year

A stock has returns of 18 percent, 15 percent, -21 percent, and 6 percent for the past four years. Based on this information, what is the 95 percent probability range of returns for any one given year?

  Home runs perfectly measure his overall production

Calculate the expected return of Albert Pujols in 2013 if there is a 20% chance he hits 25 HR, a 30% chance he hits 30 HR, a 35% chance he hits 35 HR, and a 15% chance he hits 40 HR. Assume that home runs perfectly measure his overall production.

  Assuming no personal taxes on debt or equity income

The unlevered firm expects to earn $250,000 in net operating income each year for the foreseeable future. It has a tax rate of 40% and has a capitalization rate of 8% equal to the industry required return for this type of firm. what is the overall va..

  What will be its optimal cash return point

Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $264,000 but expects the standard deviation in net daily cash flows to be $13,900, the effective annual rate on marketable securities to be 3.8 percent per year, and ..

  The expected return less the required return

Firm H's shares sell today for $54 and are forecast to be priced at $55.08 and to pay a dividend of $1.20 at the end of one year. Firm H's beta is 0.60, the market risk premium is 6%, and the riskless return is 4%. The expected return less the requir..

  What are the arithmetic and geometric returns for stock

A stock has had returns of −18.9 percent, 28.9 percent, 22.8 percent, −10.0 percent, 34.7 percent, and 26.9 percent over the last six years. Required: What are the arithmetic and geometric returns for the stock?

  Why might the share market have this reaction

When a company announces an acquisition of a company in the same industry there is typically very little change in its share price. However, if all else was the same but the company announced that it was acquiring a company in a different industry th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd