Doesn’t it seem like cash sales and cash purchases are the exceptions rather than the norm these days?
Doesn’t it seem like cash sales and cash purchases are the exceptions rather than the norm these days?
October 15, 2020 Comments Off on Doesn’t it seem like cash sales and cash purchases are the exceptions rather than the norm these days? Uncategorized Assignment-helpHere is the scenario:
Doesn’t it seem like cash sales and cash purchases are the exceptions rather than the norm these days? Nearly all businesses accept credit sales, and an abundance of consumers prefer to pay using a debit or credit card. Consequently, accounts receivable can represent a sizable asset on a company’s balance sheet.
Here is your challenge question:
Refer to the 10-k for the company you selected at the start of the course, go to the balance sheet, locate “accounts receivable” or “accounts receivable, net,” and calculate accounts receivable as a percentage of total assets [NOT current assets]. Include both the amount of the accounts receivable and total assets with your reply.
You will find this in the annual report of Starbucks. Here is the annual report.
https://s22.q4cdn.com/869488222/files/doc_financials/2019/2019-Annual-Report.pdf