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Use the table for the question(s) below.
Pro Forma Income Statement for Ideko,2005-2010
-With the proper changes it is believed that Ideko's credit policies will allow for an accounts receivable days of 60.The forecasted accounts receivable (in 000's) for Ideko in 2006 is closest to:
Times Interest Earned
A financial ratio that measures a company's ability to meet its interest obligations, calculated as earnings before interest and taxes divided by interest expenses.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, leading to net profit or loss.
Times Interest Earned
A financial ratio that measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.
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