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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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