Question
The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2011, 2010, and 2009. Sales Accounts receivable
The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2011, 2010, and 2009. Sales Accounts receivable Financial Statement Data (in thousands of dollars) 2011 $4,893,624 133,504 2010 2009 $5,221,602 372,330 $4,968,119 108,379 Calculate Maple Leaf's receivables turnover and collection period for 2011 and 2010. (Round answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) Receivables turnover Collection period 2011 times days Has the company's liquidity improved or weakened? Company's liquidity has Click if you would like improved weakened k for this question: Open Show Work 2010 times days Wiley & Sons, Inc. Version 4.24.21
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