Calculate CAE 's accounts receivable turnover ratio for the years ended March 31, 2012 and 2011 What is the average collection period of accounts receivable for the two years Do the accounts receivable turnover ratio and the average collection period indicate that CAE is managing its receivables we...

in millions of dollars 2012 2011 2010 AR 3084 2968 2382 Sales 18212 16308 ...

Calculate CAE's accounts receivable turnover ratio for the years ended March 31, 2012 and 2011. What is

Question:

Calculate CAE's turnover ratio for the years ended March 31, 2012 and 2011. What is the average collection period of for the two years? Do the turnover ratio and the average collection period indicate that CAE is managing its receivables well? Explain.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...