Using the most current annual reports or Forms 10-K for Whirlpool Corporation and Papa Johns Inte r
Question:
Using the most current annual reports or Forms 10-K for Whirlpool Corporation and Papa John’s Inte r national, Inc., 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. What were Whirlpool’s average days to collect accounts receivable? Show your computations.
b. What percentage of accounts receivable did Whirlpool estimate would not be collected?
c. What were Papa John’s average days to collect accounts receivable? Show your computations.
d. What percentage of accounts receivable did Papa John’s estimate would not be collected?
e. Briefly explain why Whirlpool would take longer than Papa John’s to collect its accounts receivable.
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Step by Step Answer:
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds