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
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