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Recent financial statements of General Mills, Inc. report net sales of $12,571,768,000. Accounts receivable are $944,350,000...

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.)

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