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Brief Exercise 8-10 (Part Level Submission) Suppose the 2014 financial statements of 3M Company report net sales of $22.7 billion. Accounts receivable (net) are $3.36
Brief Exercise 8-10 (Part Level Submission) Suppose the 2014 financial statements of 3M Company report net sales of $22.7 billion. Accounts receivable (net) are $3.36 billion at the beginning of the year and $3.51 billion at the end of the year. (a) Compute 3M's receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) times Accounts receivable turnover ratio
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