Suppose the 2022 financial statements of 3M Company report net sales of $28.5 billion. Accounts receivable (net) are $3.7 billion at the beginning of the year and $3.80 billion at the end of the year. (a1) Compute 3M's accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover ratio times Match the following statements to the appropriate terms. A written promise to pay a specified amount on demand or at a definite time. Sales that involve the customer, the retailer, and the credit card issuer. Ameasure of the liquidity of receivables. Dishonored note Obligation due Percentage of receivables basis Trade receivables Credit card sales Promissory note Cash net realizable value Accounts receivable turnover Aging the accounts receivable Direct write-off method Notes and accounts receivable that result from sales transactions A note which is not paid in full at maturity. Analysis of customer account balances by the length of time they have been unpaid. > Emphasizes expected cash realizable value of accounts receivable, > Bad debt losses are not estimated and no allowance account is used. The net amount expected to be received in cash