Presented here is selected information (in millions) from the 2010 financial statements of Rogers Communications Inc. and

Question:

Presented here is selected information (in millions) from the 2010 financial statements of Rogers Communications Inc. and Shaw Communications Inc.:

Presented here is selected information (in millions) from the 2010

Instructions
(a) Calculate the receivables turnover and average collection period for both companies, assuming all sales are credit sales. The industry average for the receivables turnover was 14.1 times and the average collection period was 26 days.
(b) Comment on the difference in the companies' collection experiences.

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...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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