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What is the company CISCO 2016 Accounts Receivable Turnover?--use “Total Revenue” (instead of net sales on...

What is the company CISCO 2016 Accounts Receivable Turnover?--use “Total Revenue” (instead of net sales on account) as the numerator. What does it express?

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Answer #1

Data taken from Yahoo Finance.
Net receivable of CISCO 2016 = 1,01,19,000
Net receivables of CICO 2015 =   98,35,000
So average receivables = (net receivable 0f 2016 + net receivable 0f 2015)/2
= (10119000 +  9835000)/2 = 9977000

Total Revenue= 4,92,47,000
Accounts Receivable Turnover = Total revenue/Average Receivable = 49,247,000/9,977,000= 4.94

It represents that cisco collects 4.94 times its account receivable in a year.

Thank You. God Bless

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