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- Feb 20, 2014
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While analyzing Winter Company's 20Y1 and 20Y2 financial statement, the following was noted-
(000s omitted) 20Y1 20Y2
sales $8,000 $9,600
COGS 5,000 6,500
Gross Profit 3,000 3,100
SG & A 1,800 2,000
Accts Receivable $600 $750
Inventory 800 1,040
Accounts payable 400 620
How much of the growth in Winter's accounts receivable is due to Winter's sales growth?
Please explain...
(000s omitted) 20Y1 20Y2
sales $8,000 $9,600
COGS 5,000 6,500
Gross Profit 3,000 3,100
SG & A 1,800 2,000
Accts Receivable $600 $750
Inventory 800 1,040
Accounts payable 400 620
How much of the growth in Winter's accounts receivable is due to Winter's sales growth?
Please explain...