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The receivable of 17.69 billion lire in Fininvest Roma's balance sheet simply netted off against the liabilities of 17.44 billion in Fininvest Srl's balance sheets.
For example, if your sales were $500 for the year, and you had accounts receivable of $50, your average accounts receivable age would be 365/ 500/50), or 36.5 days.
Similar(56)
The "receivables" of $330m equated to four and a half months' revenues.
After the takeover, it will manage card receivables of $169 billion, more than its two nearest rivals combined.
Miramax's buyers, by contrast, are expected to borrow against receivables of about $300 million, thus writing an equity check of about 55 percent.
Sprint, based in Kansas City, Mo., said it planned to extend its accounts receivable program to include receivables of its Sprint PCS Group wireless telephone unit, giving Sprint access to more than $500 million of additional cash.
Bank of Montreal said in a separate statement that the acquisition would more than double its business in corporate credit cards, adding $7.8 billion in card transactions and net receivables of $1 billion.
Groupon is essentially holding a portfolio of loans backed by the receivables of small businesses.
Second, the company has a window into the receivables of small businesses through the large corporate customers they supply.
Since 1986 the company has been financing the medical equipment and, later, receivables of healthcare providers, securitizing some of the loans and leases, and selling them to investors.
Household is now stripped down to two lines of business: credit cards, with receivables of $18.6 billion, and home equity loans, with $19.8 billion.
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