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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. Current
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. Current assets Current liabilities Net sales Accounts receivable - gross Allowance for doubtful accounts 2023 $1.634 629 3,940 1,456 168 2022 $6,036 2.181 10.342 934 34 2021 $3,850 1,276 5.778 746 17 2020 $1,495 980 4,404 565 14 Calculate the following for the company: (1) (2) (3) current ratio for 2020 through 2023 receivable turnover ratio for 2021 through 2023 average collection period for 2021 through 2023 Calculate the following for the company: (1) (2) (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 times times Current ratio Receivable turnover ratio Average collection period time days days days Calculate the following for the company: (1) (2) current ratio for 2020 through 2023 receivable turnover ratio for 2021 through 2023 average collection period for 2021 through 2023. (3) (Round ratio answers to 2 decimal places, eg, 52.75. Round average collection period answers to decimal places, eg. 52. Use 365 days for calculation.) 2022 2021 2020 -1 :1 times times times days days clays Determine from the results obtained in part (a) if the company's: Current ratio from 2022 to 2023. (2) Current ratio from 2020 to 2021. (3) Receivable turnover from 2022 to 2023. Receivable turnover V from 2021 to 2022. Collection period from 2021 to 2022
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