Recent financial statements of General Mills, Inc. report net sales of $12,571,768,000. Accounts receivable are $944,350,000 at the beginning of the year and $980,713,000 at the end of the year.
1) Compute General Mills' accounts receivable turnover
(Round answer to 2 decimal places, e.g.
15.25.)
2) Compute General Mills’ average collection period for accounts
receivable in days. (Round answer to 2 decimal places,
e.g. 15.25.)
Get Answers For Free
Most questions answered within 1 hours.