Recent financial statements of General Mills, Inc. report net sales of $12,685,258,000. Accounts receivable are $934,775,000 at the beginning of the year and $975,085,000 at the end of the year.

(a1)

Correct answer icon

Your answer is correct.

Compute General Mills' accounts receivable turnover. (Round answer to 2 decimal places, e.g. 15.25.)

Accounts receivable turnover

enter Accounts receivable turnover in times

times

eTextbook and Media

Attempts: 1 of 3 used

(a2)

Compute General Mills average collection period for accounts receivable in days. (Round answer to 2 decimal places, e.g. 15.25.)

Average collection period

enter Average collection period in days

days