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Question 5 View Policies Current Attempt in Progress The following information (in U.S. S millions) was taken from the December 31 financial statements of Potash
Question 5 View Policies Current Attempt in Progress The following information (in U.S. S millions) was taken from the December 31 financial statements of Potash Corporation of Saskatchewan inc: t 2015 2014 2013 Trade accounts receivable, gross $475 $715 $507 Allowance for doubtful accounts 7 7 7 Trade accounts receivable, net 468 708 500 Revenues 6,279 7.115 7,305 Total current assets 1,553 1.938 2,189 Total cu liabilities 1,747 2,198 2,113 (a) For 2015 and 2014, calculate Potash's current ratio, receivables turnover, and average collection period. (Round current ratio and receivables turnover ta decimal plans, es, 5.2. Round average collection period to nearest whole day, es 15.) 2015 2014 Current ratio :1 :1 Receivables turnover times times Average collection period days days Save for Later Activate Wind Attempts: 0 of 1 used Submit An
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