Presented here is selected financial information (in millions) from the 2014 financial statements of Rogers Communications Inc.
Question:
Presented here is selected financial information (in millions) from the 2014 financial statements of Rogers Communications Inc. and Shaw Communications Inc.:
Instructions
(a) Calculate the receivables turnover and average collection period for both companies.
(b) Comment on the difference in their collection experiences.
Taking It Further
If Rogers or Shaw sells its accounts receivable to speed up cash flows, what impact would you expect that to have on its ratios? Would a comparison between the two companies still be appropriate?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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