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Question 4 of 4 ./4 The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company (CN): Accounts

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Question 4 of 4 ./4 The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company (CN): Accounts receivable, gross Allowance for doubtful accounts Accounts receivable, net Revenues Total current assets Total current liabilities 2018 $1,195 26 1,169 14.321 2.728 3.500 2017 $1,000 16 984 13,041 2.190 3.983 2016 $903 28 875 12,037 2,107 3.008 (a) For 2018 and 2017, calculate CN's current ratio, receivables turnover and average collection period. (Round answers to I decimal ploce, s. 52) 2018 2017 :1 Current ratio time Receivables turnover day days Average collection period

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