Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length
One way for organizations to generate revenue is through accounts receivables. Go to Yahoo Finance and select a company. Then, share with class on one of the company’s receivables. Go to at least 2 other colleagues’ posts and provide the colleague’s selected company’s accounts receivable turnover.
Respond to the 2 following posts
– The company that I chose for this week’s discussion is called Bausch Health Companies INC or BHC. The company’s revenue through shares is 23.90. I decided to use the balance sheet and find the net receivables. The net receivables for 12/31/18 is 1,865,000. This is the most current net receivable and it dates back the last 3 years prior. This is an important factor in calculating your total assets.
– For this week’s discussion I looked at Under Armour. For the quarter that ended March of 2019 the accounts receivable for Under Armour was $744 million. When places like Academy Sport or Kohl’s place an order for Under Armour apparel to be sold in their stores they are invoiced and have a set time to pay. These outstanding balances are the Accounts receivable. I am too surprised with these numbers as Under Armour is a popular brand. I also found their stock prices rising still which again isn’t too surprising as so many people are buying their products.