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Suppose the 2022 financial statements of 3M Company report net credit sales of $22.1 billion. Accounts receivable (net) are $3.15 billion at the beginning
Suppose the 2022 financial statements of 3M Company report net credit sales of $22.1 billion. Accounts receivable (net) are $3.15 billion at the beginning of the year and $3.25 billion at the end of the year. (a1) Compute 3M's accounts receivable turnover. (Do not round intermediate calculations. Round answer to 1 decimal place, e.g. 2.5.) Accounts Receivable Turnover times eTextbook and Media Save for Later Attempts: unlimited Submit Answer (a2) Compute 3M's average collection period for accounts receivable in days. (Round answer to 1 decimal places, e.g. 2.5. Use 365 days for calculation.) Average Collection Period days
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