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STANDARD VIEW PRINTER VERSION RO Question 20 Headlands Building Materials Group Ltd, a building materials company in B.C, had the following information on its financial statements for the fiscal years ended December 31. Al figures are in thousands of Canadian dollars Current assets Current liabilities Net sales Accounts receivable - gross Allowance for doubtful accounts 2022 $170,745 54,204 759,612 50,932 133 2021 $149,788 43,906 725,926 41,621 123 2020 $142, 156 47,870 711,274 50,334 154 Calculate Headlands's (1) current ratio for 2020 through 2022 (2) receivable turnover ratio for 2021 and 2022 (3) average collection period for 2021 and 2022 (Round ratio answers to 2 decimal places, eg. 52.75. Round average collection period answers to 0 decimal places. 52. Use 365 days for calculation.) 2022 2021 2020 Current ratio :1 :1 1 Receivable turnover ratio times times Average collection period days days Determine from the results obtained in part (a) if Headlands (1) Current ratio from 2021 to 2022 (2) Current ratio from 2020 to 2021 search ING 1003 AM IN 7/21/2020 pes, Elghe Canadian Edition, Volume 1 PRINCIPLES OF A Accounts receivable - gross Allowance for doubtful accounts 50,932 133 41,621 123 STANDARD VIEW 50,334 154 PRINTER VE Calculate Headland's (1) current ratio for 2020 through 2022 (2) receivable turnover ratio for 2021 and 2022 (3) average collection period for 2021 and 2022 (Round ratio answers to 2 decimal places, e.g. 52.75. Round average collection period answers to 0 decimal places, e.g. 52. Use 365 days for calculation.) 2022 2021 2020 Current ratio 1 : 1 :1 Receivable turnover ratio times mes Average collection period days days Determine from the results obtained in part (a) if Headlands's: Current ratio from 2021 to 2022 (1) (2) from 2020 to 2021 Current ratio Receivable turnover Collection period from 2021 to 2022 from 2021 to 2022 Question Attempts: 0 of 1 used SAVE POR LATER BI search 0