Question
Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2021, 2020, and 2019: 2021 2020
Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2021, 2020, and 2019: 2021 2020 2019 Trade receivables (gross) $122,030 $116,297 $123,617 Allowance for expected credit losses 2,041 2,080 3,107 Sales 4,521,082 4,303,722 3,941,545 (a) Calculate Maple Leaf's receivables turnover and average collection period for 2021 and 2020. (Round answers to 1 decimal place, e.g. 52.5. Use 365 days for calculation.) Receivables turnover Average collection period eTextbook and Media 2021 times days 2020 times days
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
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