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Suppose the 2022 financial statements of 3M Company report net sales of $21.0 billion. Accounts receivable (net) are $2.9 billion at the beginning of the

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Suppose the 2022 financial statements of 3M Company report net sales of $21.0 billion. Accounts receivable (net) are $2.9 billion at the beginning of the year and $3.10 billion at the end of the year. (21) Your answer is correct. Compute 3M's accounts receivable turnover. (Round answer to 1 decimal place, eg. 125) Accounts receivable turnover ratio 7 times (a2) x Your answer is incorrect Compute 3M's average collection period for accounts receivable in days. (Round answer to 1 decimal place, eg. 12.5. Use 365 days for calculation) Average collection period 50 dy

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