5 of 7 View Policies Show Attempt History 3/10 Current Attempt in Progress GS&H had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars. 2023 2022 2021 2020 Current assets Current liabilities $1,604 $6,027 $3,860 $1,540 629 2,181 1,276 980 Net sales 3,976 10,331 5,794 4,446 Accounts receivable - gross 1,421 946 748 563 Allowance for doubtful accounts 168 34 17 14 (a) Your answer is partially correct (1) current ratio for 2020 through 2023 (2) receivable turnover ratio for 2021 through 2023 (3) average collection period for 2021 through 2023. (Round ratio answers to 2 decimal places, e.g. 52.75. Round average collection period answers to O decimal places, e.g. 52. Use 365 days for calculation.) 2023 2022 2021 Current 2.55 :1 2.76 :1 ratio 3.03 :1 Receivable turnover 3.6 times 12.5 times 9.0 tim ratio Average collection 99 days 29.01 days 40.33 day period 99- (DEALL) L C ENG US 1:31 AM 2022-07-21