Rogers Communications Inc is one of Canada s largest communications companies
Rogers Communications Inc. is one of Canada’s largest communications companies, particularly in the field of wireless communications and cable television, with additional telecommunications and mass media assets. For two recent years, Rogers reported the following:
Assume that the accounts receivable (in millions) were $1,310 at the beginning of the year ended December 31, 2010.
1. Compute the accounts receivable turnover for 2011 and 2010. Round to one decimal place.
2. Compute the days’ sales in receivables at the end of 2011 and 2010. Round to one decimal place.
3. What conclusions can be drawn from (1) and (2) regarding Rogers’ efficiency in collecting receivables?
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