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The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2017, 2016, and 2015. Financial Statement Data (in

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The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2017, 2016, and 2015. Financial Statement Data (in thousands of dollars) 2017 2016 $3,522,226 $3,331,812 123,968 127,749 Sales Accounts receivable 2015 $3,292,932 57,958 (a) * Your answer is incorrect. Calculate Maple Leaf's receivables turnover and collection period for 2017 and 2016. (Round receivables turnover to 2 decimal places, eg. 52.75 and collection period to 1 decimal place, eg. 52.7. Use 365 days for calculation.) 2017 2016 Receivables turnover 26.47 times 38.72 times Collection period 13.78 days 9.42 days e Textbook and Media

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