The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway
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The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company (CN):
Instructions
(a) For 2015 and 2014, calculate CN's current ratio, receivables turnover, and average collection period.
(b) Comment on any improvement or deterioration in CN's management of its accounts receivable.
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...
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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