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Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following financial statement amounts in its 10-K report: ($ millions) Sales Cost of
Computing and Evaluating Receivables, Inventory, and PPE Turnovers
3M Company reports the following financial statement amounts in its 10-K report:
($ millions) | Sales | Cost of Sales | Receivables | Inventories | PPE, net |
---|---|---|---|---|---|
2014 | $31,821 | $16,447 | $4,238 | $3,706 | $8,489 |
2013 | 30,871 | 16,106 | 4,253 | 3,864 | 8,652 |
2012 | 29,904 | 15,685 | 4,061 | 3,837 | 8,378 |
Required Compute the receivables, inventory, and PPE turnover ratios for both 2014 and 2013. (Receivables turnover and inventory turnover are discussed in Chapters 6 and 7, respectively.) Round to two decimal places. Receivable turnover rate:
2014 | Answer
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2013 | Answer
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Inventory turnover rate:
2014 | Answer
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2013 | Answer
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PPE turnover rate:
2014 | Answer
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2013 | Answer
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