**Discussion Post**

**Discussion Response**

Nicely detailed post. I am curious how you calculated/derived “Net Credit Sales”? It looks like you used the “Total Net Revenues” (as did quite a few others). Is this correct? I used the “Total Net Sales” found in Table 16 of the 10-K. I am wondering if either number is correct? I found this: https://goo.gl/qEFdZ2 on how to calculate “Credit Sales” using AR but I also found some other conflicting information.

Net revenues

2015: $3,963,313

2014: $3,084,370

2013: $2,332,051

I used “Total net sales” taken directly from the 10-K

2015: $3,825,691

2014: $2,997,932

2013: $2,277,073

“Credit sales” calculated using the following formula: (net revenue – AR at begging of period + AR at end of period)

2015: $4,117,116

2014: $3,154,253

2013: $2,366,479

**Assignment**