Using the most current annual reports or the Forms 10-K for Pfizer, one of the worlds largest

Question:

Using the most current annual reports or the Forms 10-K for Pfizer, one of the world’s largest pharmaceutical manufacturers, and Walgreens, the drugstore chain, complete the requirements below. To obtain the Forms 10-K, use either the EDGAR system following the instructions in Appendix A or the companies’ websites. The annual reports can be found on the companies’ websites.

Required
a. For each company, compute as a percentage of revenue. Show your computations?
b. Which company appears to be making more of its sales on account? Explain your answer.
c. Try to provide a logical explanation as to why one of these companies is making more of its sales on account that the other.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...