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Business, 29.07.2020 02:01 Sydney012618
Suppose the 2017 financial statements of 3M Company report net sales of $21.7 billion. Accounts receivable (net) are $3.40 billion at the beginning of the year and $3.42 billion at the end of the year.
1. Compute 3M’s receivable turnover.
2. Compute 3M’s average collection period for accounts receivable in days.
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Suppose the 2017 financial statements of 3M Company report net sales of $21.7 billion. Accounts rece...
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