Recent financial statements of General Mills, Inc. report net sales of $$12,734,750,000.$ Accounts receivable are $$947,300,000$ at the

beginning of the year and $$967,700,000$ 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

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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$.15\mathrm{.}25.$ Use

$365$ days for calculation.$)$

Average collection period

days