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Question 16 Presented here is selected financial information (in millions) from the 2014 financial statements of Rogers Communications Inc. and Shaw Communications Inc.: Rogers Shaw
Question 16 Presented here is selected financial information (in millions) from the 2014 financial statements of Rogers Communications Inc. and Shaw Communications Inc.: Rogers Shaw Net Sales $12,850 $5,241 Allowance for doubtful accounts, beginning of year 104 22 Allowance for doubtful accounts, end of year 98 32 Accounts receivable balance (net), beginning of year 1,509 486 Accounts receivable balance (net), end of year 1,591 Calculate the receivables turnover and average collection period for both companies. (Round times to I decimal places. 52.7 and all other answers to decimal places, ... 52.) Rogers Shaw Receivables turnover times times Average collection period days days Comment on the difference in their collection experiences. was more efficient than in collecting its receivables
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