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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

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 2015
Sales $3,522,226 $3,331,812 $3,292,932
Accounts receivable 123,968 127,749 57,958

(a)

Calculate Maple Leafs receivables turnover and collection period for 2017 and 2016. (Round receivables turnover to 2 decimal places, e.g. 52.75 and collection period to 1 decimal place, e.g. 52.7. Use 365 days for calculation.)

2017 2016
Receivables turnover enter Receivables turnover in times rounded to 2 decimal places

times enter Receivables turnover in times rounded to 2 decimal places

times
Collection period enter Collection period in days rounded to 1 decimal place

days enter Collection period in days rounded to 1 decimal place

days

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