Brief Exercise 8-11 (Part Level Submission) Suppose the 2017 financial statements of 3M Company report net sales of $22.8 billion. Accounts receivable (net) are $3.00 bilion at the beginning of the year and $3.08 bllion at the end of the year. (a) Collapse question part Your answer is correct. Compute 3M Company's receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover ratio 7.5 times SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT INTERACTIVE TUTORIAL Attempts: 2 of 3 used (b) Your answer is incorrect. Try again. Compute 3M Company's average collection period for accounts receivable in days. (Round answer to 1 decimal place, e.g.12.5. Use 365 days for calculation Average collection period days SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSW