Question: Bombardier Inc with headquarters in Montreal is a world leading manufacturer

Bombardier Inc., with headquarters in Montreal, is a world-leading manufacturer of innovative transportation equipment, including aircraft and rail transportation equipment, systems, and services. Bombardier has production and distribution centres in 23 countries and employs approximately 65,400 workers. Bombardier reported the following (in millions of U.S. dollars):
The accounts receivable (in millions) were $1,981 at the beginning of the year ended January 31, 2010.
a. Compute the accounts receivable turnover for 2011 and 2010. Round to one decimal place.
b. Compute the days’ sales in receivables for 2011 and 2010. Round to one decimal place.
c. Do the ratios indicate an improvement or a decline in Bombardier Inc.’s ability to manage accounts receivable?

View Solution:

Sale on SolutionInn
  • CreatedSeptember 15, 2015
  • Files Included
Post your question