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Crux🃏 · 2020年10月15日

问一道题:NO.PZ2018062004000224 [ CFA I ]

问题如下:

Assume that the days-of-sales-outstanding(DSO) of PZ Corporation in 2016 is 18 days. An analyst in PZ Corporation believed that the PZ's days-of-sales-outstanding(DSO) is going to decline to 12 days in 2017. Total revenue in 2016 were $400 million and the expected revenue is going to increase to $450 million in 2017. In order to get a lower DSO, the average receivable balance differed from 2016 to 2017 is most accurate to:
 

选项:

A.

$9.0million.

B.

$9.0million.

C.

$4.9million.

解释:

C is correct.

Receivable turnover=365/DSO.

In 2016, the receivable turnover=365/18=20.3.

In 2017,the receivable turnover=365/12=30.4.

Average receivable balance=sales/receivable turnover.

In 2016, the average receivable balance=$400,000,000/20.3=$19,704,434.

In 2017, the average receivable balance=$450,000,000/30.4=$14,802,632.

The difference between 2016 and 2017 is $19,704,434-$14,802,632=$4,901,801=$4.9million.

average receivable balance为什么是这么算的

1 个答案

Olive_品职助教 · 2020年10月16日

嗨,努力学习的PZer你好:


receivable turnover=sales/average receivable

所以average receivable=sales/receivable turnover


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努力的时光都是限量版,加油!