q-7

Suppose the 2025 financial statements of 3M Company report credit sales of $24.30 billion. Accounts receivable (net) are $2.90 billion at the beginning of the year and $3.10 billion at the end of the year. Compute 3M's accounts receivable turnover. (Round anst iter to 1 decimal ploce, eg. 12.5) Accounts receivable turnover 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 doys for calculation.) Average collection period days