Important Information about Trend Analysis on A/R and A/R Turnover Ratio
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Question was:Please complete a trend analysis (at least 2 consecutive years) on A/R and the A/R turnover ratio for at least 2 years for company Multimedia Games (Nasdaq: MGAM). Also, discuss what these results may indicate about the company.
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=MGAM&selected=MGAM
Thanks
Your answer:
9/30/2008 9/30/2007 9/30/2006
Trend Analysis 53.24% -0.17% 17.35%
AR Turnover 2.35 3.35 3.98
(Sales/AR)
Accounts receivables has greatly increased in the year 2008. It has
increased by 53 % and consequently the AR turnover has declined
This indicates inefficient management of AR.
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Response provides the steps to prepare the trend analysis (at least 2 consecutive years) on A/R and the A/R turnover ratio
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