the market retur 10.00 points ed Return4711 BUS BUS 3062 MC Qu. 1 Asset Manageme
ID: 2620108 • Letter: T
Question
the market retur 10.00 points ed Return4711 BUS BUS 3062 MC Qu. 1 Asset Management Ratios Corn Products, Corp. ended the year 2008. Ratios Corn Products, Corp ended the year 2008 with an average colection 2008 balance in accounts receivable for Con Products period of 37 days. The fem's credit sales for 2008 were $10 2 milon What risk-free rate is 5 return Superce (Consider a 365 days a year) O $3 6275 million O s0 2757 mlion O $1034 milion O $3774 million Hydro One for purposes of apph s to the rtk the total pers al analysis, risk le/130813/120085Explanation / Answer
Q1)
Accounts receivable for 2008:
= (Sales revenue÷365)×Average collection period
= ($10.02 million÷365)×37
= $1.034 million
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