Use the Tables for the Question(s)below

question 43

Multiple Choice

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko,2010-2015
Pro Forma Balance Sheet for Ideko,2010-2015

-With the proper changes it is believed that Ideko's credit policies will allow for an account receivables days of 60.The forecasted accounts receivable for Ideko in 2013 is closest to:

• A)$14,525
• B)$19,690
• C)22,710
• D)$16,970

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Definitions:

Unsecured Bonds

Debentures or bonds that are not backed by specific collateral.

Debentures

A type of long-term debt instrument that is not secured by physical assets or collateral but based on the issuer's creditworthiness and reputation.

Dividends

Profits of a corporation that are distributed in the form of cash payments to stockholders.