The financial statements of BCE Inc reported net sales of $21,042 million for its year ended December 31, 2014, and $20,400 million for its year ended December 31, 2013 Accounts receivable (net) were $2,999 million at December 31, 2014, $2,995 million at December 31, 2013, and $2,978 million at Dec...

2013 The accounts receivable turnover ratio is calculated as follows Net ...

The financial statements of BCE Inc. reported net sales of $21,042 million for its year ended December

Question:

The of BCE Inc. reported net sales of $21,042 million for its year ended December 31, 2014, and $20,400 million for its year ended December 31, 2013. (net) were $2,999 million at December 31, 2014, $2,995 million at December 31, 2013, and $2,978 million at December 31, 2012. Calculate the company's turnover ratio for 2013. Did it improve in 2014?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...