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Brief Exercise 8-14 (Part Level Submission) Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2015,
Brief Exercise 8-14 (Part Level Submission) Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2015, 2014, and 2013: 2015 2014 2013 $37,173 $25,537 $20,498 Trade receivables (gross) Allowance for doubtful accounts Sales 4 80 3,292,932 3,157,241 2,954,777 (a) Calculate Maple Leaf's receivables turnover and average collection period for 2015 and 2014. (Round answers to 1 decimal place, e.g. 52.5.) 2015 2014 Receivables turnover times times Average collection period days days
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