Accountant Forums


Reply
Thread Tools

Receivable turns problem - help!

 
 
Junior Member
Join Date: Mar 2012
Posts: 2
Thanked: 0
 
      03-02-2012, 08:30 PM
Hi all,

I am trying to analyse a financial statement to work out the receivable turns. I know the formula is credit sales / average AR. However I can't find "credit sales" on the income statement.

How do I work this out then?

Please help I've been trying to find the answer on google for the last 5 hours and I just can't. The statements I am looking at are for ArcelorMittal.

Thanks in advance
 
Reply With Quote
 
 
 
 
Junior Member
Join Date: Mar 2012
Posts: 2
Thanked: 0
 
      03-02-2012, 08:39 PM
I've found a tutorial and it says "if you cant find credit sales on the income statement use total sales"

But this cant be right because sales on credit could vary soo much in that total sales. I mean sales on credit could be 100,000 of that 1,000,000 or it could be 900,000 of that 1,000,000. I am not going to get an accurate answer by using total sales?

arghhh!!
 
Reply With Quote
 
 
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Recession Turns Shoppers Into Hagglers nikky jones Accounting Software 2 05-21-2010 09:15 AM
Recession Turns Shoppers Into Hagglers nikky jones Quickbooks 1 08-05-2009 03:50 PM
Recession Turns Shoppers Into Hagglers nikky jones Microsoft Accounting 0 08-03-2009 10:48 AM
Multi-User turns off Jon Delano Quicken 1 01-26-2006 08:58 PM
dowload from bank into Money 2001 turns credits into debits bill Microsoft Money 1 01-18-2004 02:06 AM


All times are GMT. The time now is 08:55 PM.
Posts in this forum do not constitute the advice of AccountantForums.com or its members. Financial advice should always be taken from qualified advisors before committing to a financial decision.