Basic concepts in finance
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1. A company's 2000 sales were $8,954,238. Sales were $5 million 10 years earlier. To the nearest percentage point, at what rate have sales been growing?
2. If a company's days sales outstanding (DSO) is 36 days, what is the accounts receivable turnover if you use a 360-day year?
3. A $100 is deposited in a savings account that pays 8% interest compounded annually. How much would there be in the account at the end of 5 years?
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Solution Summary
There are three problems. Solution to first problem explains the steps to estimate growth rate of sales. Solution to second problem calculates account receivable turnover. Solution to third problem depicts the methodology to find out future value of a single cash flow.
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1. A company's 2000 sales were $8,954,238. Sales were $5 million 10 years earlier. To the nearest percentage point, at what rate have sales been growing?
Sales in 2000=Sn=$8,954,238
Sales before ...
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- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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