An analyst would like to evaluate Lenovo Groups efficiency in collecting its trade accounts receivable during the

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An analyst would like to evaluate Lenovo Group’s efficiency in collecting its trade accounts receivable during the fiscal year ended 31 March 2010 (FY2009). The analyst gathers the following information from Lenovo’s annual and interim reports:

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Calculate Lenovo’s receivables turnover and number of days of sales outstanding (DSO) for the fiscal year ended 31 March 2010.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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An analyst would like to evaluate Lenovo Groups efficiency in collecting its trade accounts receivable during the

Question:

Trade receivables as of 31 March 2009 Trade receivables as of 31 March 2010 Revenue for year ended 31 March 2010 US$ in Thousands 482,086 1,021,062 16,604,815

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Receivables turnover RevenueAverage receivables 16604815 ...View the full answer

International Financial Statement Analysis CFA Institute Investment Series

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