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Current Attempt in Progress GS&H had the following information on its financial statements for the fiscal years anded December 31. All figures are in millions
Current Attempt in Progress GS&H had the following information on its financial statements for the fiscal years anded December 31. All figures are in millions of Canadian dollars Current assets Current liabilities Net sales Accounts receivable grass Allowance for doubtful accounts 2023 $1608 629 3.954 1401 16 2022 56,045 2.181 10,334 940 34 2021 $3,858 1.276 5.758 750 17 2020 $1,555 980 4,469 578 14 lal Calculate the following for the company: (1) 12) (3) current ratio for 2020 through 2023 receivable turnover ratio for 2021 through 2023 average collection period for 2021 through 2023. (Round ratio answers to 2 decimal places, eg: 52.75. Round average collection period answers to decimal places, es. 52. Use 365 days for calculation.) 2023 2022 2021 :1 255 303 =1 1 3.20 11.40 785 times times time Current ratio Receivable turnover ratio Average collection period 32 days 46 114 days days
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