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Function: AVBRAG;; Formula: Divide; Cell Referencing Using Excel to Assess Accounts Receivable PROBLEM The 2022 financial statements of 3M Company reported the following amounts. Net
Function: AVBRAG;; Formula: Divide; Cell Referencing Using Excel to Assess Accounts Receivable PROBLEM The 2022 financial statements of 3M Company reported the following amounts. Net sales Accounts receivable, net Beginning of year End of year fx Function: AVERAGE; Formula: Divide; Cell Referencing Tell me Text $%,00 $.00 00 A1 Liberation Sans 12AA2 Wrap Text / Merge \& Center G H I J K L M Cor For Paste E F Student Work Area Required: Provide input into cells shaded in yellow in this template. Use the AVERAGE function with cell references in calculating the turnover. Use cell references with mathematical formulas to calculate the average collection period. $23.1 billion Compute 3M's accounts receivable turnover and the average collection period in days. Accounts receivable turnover Average collection period
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