The financial statements of BCE Inc. reported net sales of $21,719 million for its year ended December
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The financial statements of BCE Inc. reported net sales of $21,719 million for its year ended December 31, 2016, and $21,514 million for its year ended December 31, 2015. Accounts receivable (net) were $2,979 million at December 31, 2016, $3,009 million at December 31, 2015, and $3,069 million at December 31, 2014. Calculate the company’s accounts receivable turnover ratio for 2015 and 2016. Did it improve in 2016?
Financial StatementsFinancial 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... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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2016 The accounts receivable turnover ratio is calculated as follows Net ...View the full answer
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Related Book For 
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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