Question
The financial statements for BCE Incy reported net sales of $23,964 million for its year ended December 31, 2019 and $23,468 million for its
The financial statements for BCE Incy reported net sales of $23,964 million for its year ended December 31, 2019 and $23,468 million for its year ended December 31, 2018. Accounts receivable (net) were $3,038 million at December 31, 2019, $3,006 million at December 31, 2018 and $3,129 million at December 31, 2017. Calculate the company's accounts receivable turnover ratio for 2019 and 2018. Account receivable turnover for 2019- Accounts receivable turnover ratio for 2018- Did the accounts receivable ratio improve in 2019?
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