Question: The financial statements of BCE Inc report net sales of
The financial statements of BCE Inc. report net sales of $ 19,497 million for its year ended December 31, 2011, and $18,069 million for its year ended December 31, 2010. Accounts receivable (net) was $2,964 million at December 31, 2011, $2,525 million at December 31, 2010, and $1,140 at December 31, 2009. Calculate the company’s; accounts receivable turnover ratio for 2010. Did it improve in 2011?
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