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Evaluate general electrics accounts receivable

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Reference no: EM131796303

Presented below are select financial data from the annual report:

Amounts in millions

Year 1

Year 2

Balance sheet

Accounts receivable (net)

$14,233

$14,851

Inventory

9,778

10,474

Income statement

Net sales

$84,705

$92,589

Cost of goods sold

61,759

66,814

Calculate the following ratios:

Accounts receivable turnover

Receivable collection period

Inventory turnover

Inventory-on-hand period

Evaluate General Electric's accounts receivable and in

Reference no: EM131796303

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