Recent financial statements of General Mills, Inc. report net sales of $12,738,016,000. Accounts receivable are $947,315,000 at the beginning of the year and $967,658,000 at
Recent financial statements of General Mills, Inc. report net sales of $12,738,016,000. Accounts receivable are $947,315,000 at the beginning of the year and $967,658,000 at the end of the year.
(a1)
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Compute General Mills' accounts receivable turnover. (Round answer to 2 decimal places, e.g. 15.25.)
13.30 | times |
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(a2)
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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 |
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