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RCES Brief Exercise 8-11 Suppose the 2017 financial statements of 3M Company report net sales of $25.3 billion. Accounts receivable (net) are $3.40 billion at

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RCES Brief Exercise 8-11 Suppose the 2017 financial statements of 3M Company report net sales of $25.3 billion. Accounts receivable (net) are $3.40 billion at the beginning of the year and $3.41 billion at the end of the year. Compute 3M Company's receivable turnover (Round answer to 1 decimal place, 0.9. 12.5.) Accounts receivable tumover ratio times tudy SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Compute 3M Company's average collection period for accounts receivable in days. (Round answer to 1 decimal place, 0,9, 12.5. Use 365 days for calculation.) Average collection period days Click if you would like to Show Work for this question: Open Show Work

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