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GS&H had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars. 2023
GS&H had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars.
2023 | 2022 | 2021 | 2020 | |||||||||
Current assets | $1,608 | $6,045 | $3,858 | $1,555 | ||||||||
Current liabilities | 629 | 2,181 | 1,276 | 980 | ||||||||
Net sales | 3,954 | 10,334 | 5,758 | 4,469 | ||||||||
Accounts receivable - gross | 1,401 | 940 | 750 | 578 | ||||||||
Allowance for doubtful accounts | 168 | 34 | 17 | 14 |
(a)
Partially correct answer iconYour answer is partially correct.
Calculate the following for the company:
(1) | current ratio for 2020 through 2023 | |
(2) | receivable turnover ratio for 2021 through 2023 | |
(3) | average collection period for 2021 through 2023. |
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