Business, 28.04.2021 22:50 maxy7347go
Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following financial statement amounts in its 10-K report: ($ millions) Sales Cost of Sales Receivables Inventories PPE, net 2018 $32,765 $16,682 $5,020 $4,366 $8,738 2017 31,657 16,055 4,911 4,034 8,866 2016 30,109 15,118 4,392 3,385 8,516 Required Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and inventory turnover are discussed in Chapters 6 and 7, respectively.) Round to two decimal places. Receivable turnover rate:
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Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following...
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