Recent financial statements of General Mills, Inc. report net sales of $$12,794,761,000.$ Accounts receivable are $$935,888,000$ at the beginning of the year and $$959,532,000$ at the end of the year.

$($a$1)$

Your answer is correct.

Compute General Mills' accounts receivable turnover. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Accounts receivable turnover times

eTextbook and Media

Attempts: unlimited

$($a$2)$

Compute General Mills' average collection period for accounts receivable in days. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Average collection period

days