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Please answer problem #6 part B, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Suppose the 2022 financial statements of 3M Company report net
Please answer problem #6 part B, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Suppose the 2022 financial statements of 3M Company report net sales of $ 22.2 billion. Accounts receivable (net) are $ 29 billion at the beginning of the year and $3.02 billion at the end of the year. (a 1) Your answer is correct. Compute 3M's accounts receivable turnover. (Round answer to 1 decimal place, eg. 12.5.) Accounts receivable turnover ratio 7.5 times eTextbook and Media List of Accounts Compute 3M's average collection period for accounts receivable in days. (Round answer to 1 decimal place, eg. 12.5. Use 365 days for calculation) Average collection period days
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