Business, 06.04.2020 18:24 champions2k19
The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of $20.0 billion. Accounts receivable (net) are $2.7 billion at the beginning of the year and $2.8 billion at the end of the year.
1. Compute 3M's account receivable turnover.
2. Compute 3M's average collection period for accounts receivable in days.
Answers: 1
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The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of $20....
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