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Suppose the 2014 financial statements of 3M Company report net sales of $22.1 billion. Accounts receivable (net) are $3.17 billion at the beginning of the
Suppose the 2014 financial statements of 3M Company report net sales of $22.1 billion. Accounts receivable (net) are $3.17 billion at the beginning of the year and $3.30 billion at the end of the year. Your answer is incorrect. Try again. Compute 3M?s receivable turnover. (Round answers to 1 decimal place, e.g. 12.5.) Your answer is incorrect. Try again. Compute 3M?s average collection period for accounts receivable in days. (Round answer to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period days
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