Question

The following information (in $ millions) was taken from recent annual reports of Kellogg Company and General Mills, Inc.


Required
a. Calculate each company's accounts receivable turnover and average collection period.
b. Which company is doing the best job of managing accounts receivable? How did you reach your conclusion?
c. What additional information would help you in assessing the companies' accounts receivablemanagement?


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  • CreatedFebruary 21, 2014
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