Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ in millions):
Question:
Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ in millions):
Required:
Compute the receivables turnover ratio and the average collection period for Q4 and Q3. Assume that each quarter consists of 91 days.
Transcribed Image Text:
Balance sheets: Accounts receivable, net Income statements: Sales revenue 6/30/2020 (Q4) $32,011 $38,033 Three Months Ended 3/31/2020 (Q3) $22,699 $35,021 12/31/2019 (Q2) $23,525 $36,906
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Q4 ended 6302020 Average receivables balance 32011 226992 2735...View the full answer
Answered By
Jacob Festus
I am a professional Statistician and Project Research writer. I am looking forward to getting mostly statistical work including data management that is analysis, data entry using all the statistical software’s such as R Gui, R Studio, SPSS, STATA, and excel. I also have excellent knowledge of research and essay writing. I have previously worked in other Freelancing sites such as Uvocorp, Essay shark, Bluecorp and finally, decided to join the solution inn team to continue with my explicit work of helping dear clients and students achieve their Academic dreams. I deliver, quality and exceptional projects on time and capable of working under high pressure.
4.90+
1254+ Reviews
2845+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Microsoft Corporation reported the following information in its financial statements for three successive quarters during the 2009 fiscal year ($ in millions): Required: Compute the receivables...
-
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The data file arch.gdt contain monthly stock price indices return of U.S. Nasdaq (NR). The data are recorded monthly beginning in 1988:01 and ending in 2015:12. Question 1. i) (Bonus) Consider the...
-
List the customers who live in California or Washington. Order them by zip code, from high to low.
-
Suppose the total cost of producing x units of a product is given by C(x) = 4500 + 120x + 0.05x2 (a) Find any asymptotes of the average cost function C(x) = C(x)/x. (b) Graph the average cost...
-
Determine the torsional strain energy stored in the tapered rod when it is subjected to the torque \(\mathbf{T}\). The rod is made of material having a modulus of rigidity of \(G\). L 2ro To T
-
Selected data on merchandise inventory, purchases, and sales for Myrina Co. and Lemnos Co. are as follows: Instructions 1. Determine the estimated cost of the merchandise inventory of Myrina Co. on...
-
As a reminder of the scenario, you have been hired by a mutual fund as a management consultant to evaluate a publicly held company that the fund is considering adding to its holdings. Specifically,...
-
Determine the maximum shear stress acting at section aa of the cantilevered strut. 4 kN 2 kN 300 mm 250 mm 250 mm 20 mm 70 mm 20 mm 50 mm
-
Refer to the data provided in E 2127 for Red, Inc. Data from in E 21-27 Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting...
-
The following information is available for a company: Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions that created...
-
Falstags Brewery has estimated $63,375, $68,625, and $73,875 budgeted costs for the manufacture of 3,500, 4,500, and 5,500 gallons of beer, respectively, next quarter. What are the variable and fixed...
-
Which of the following best describes a looping task? a. The task repeats until a condition is satisfied. b. A looping task only repeats twice. c. A looping task is modeled as a subprocess. d. A...
-
Outline and explain the basic steps in preparing business process models.
-
The sales and collection process is the point of contact between the firm and which set of external business partners? a. Investors b. Customers c. Employees d. Vendors e. All of these options
-
A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employmentpopulation ratio...
-
Contrast the UML class diagrams with the entity-relationship diagrams shown in Appendix A. Which of the following pairs are not equivalent? a. Class and Entity b. Class and Relationship c....
-
What makes this type of risk so damaging for the company (United Airlines)?
-
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
-
Explain what is meant by the impairment value of property, plant, and equipment and intangible assets . How should these impairments be accounted for?
-
Explain what is meant by the impairment value of property, plant, and equipment and intangible assets . How should these impairments be accounted for?
-
Explain what is meant by the impairment value of property, plant, and equipment and intangible assets . How should these impairments be accounted for?
-
You have been presented with the basic principles of personal finance, why do you think it is important to study this topic for a finance student? Among the basic principles of personal finance, what...
-
Since the Drug-Free Workplace Act of 1988 many U.S. employers have chosen to conduct drug testing as a pre-employment requirement, random testing of current employees, or a required test after a...
-
Use logarithms to solve. 2x-e-110=0
Study smarter with the SolutionInn App