-------------------------------------------------------

BE8-16 Calculate ratios to analyze receivables. (LO 4) AN The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2014, 2013, and 2012. Financial Statement Data (in thousands of dollars) 2014 2013 2012 Sales $3,157,241 $2,954,777 $4,551,828 Accounts receivable 60,396 111,034 117,533 (a) Calculate Maple Leaf's receivables turnover and collection period for 2014 and 2013. (b) Has the company's liquidity improved or weakened