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Canfor Corporation reported the following selected information in millions) for the three years ended December 31, 2018, 2017 and 2016 Trade receivables (gross) Allowance for
Canfor Corporation reported the following selected information in millions) for the three years ended December 31, 2018, 2017 and 2016 Trade receivables (gross) Allowance for doubtful accounts Sales 2018 $186,5 44 50444 2017 $196,5 35 4.5633 2016 $1686 44 4234.9 (a) X Your answer is incorrect. Calculate Canfor's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place, 3. 525) 2017 2018 26.9 Receivables turnover times 25.6 times Average collection period 136 days 143 days
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