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Year EndingApril 2009, 2009 April 30, 2008Net Sales $10,148,082 $10,070,778Accs Receivable 1,171,797 1,161,481Assume that the accounts receivable (in thousands) were $996,852 at the beginning of fiscal year 2008.1) Compute the accounts receivable turnover for 2009 and 2008. Round to one decimal place.2009: ??
2008: ??
2) Compute the days' sales in receivables at the end of 2009 and 2008. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.2009: ??2008: ??
WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS
The credit term from the supplier is 2/30, net 60. Requirements: Write the calculation Determine the effective annual rate if the firm does not take the discount.
Discuss the advantages and disadvantages of designing an IC using VHDL and synthesis compared with the traditional design approach using schematic capture, simulation and layout.
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