Canfor Corporation reported the following selected information (in millions) for the three years ended December 31, 2015,

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Canfor Corporation reported the following selected information (in millions) for the three years ended December 31, 2015, 2014, and 2013:
Canfor Corporation reported the following selected information (in millions) for

(a) Calculate Canfor's receivables turnover and average collection period for 2015 and 2014.
(b) Indicate whether each of the receivables turnover and average collection period is better or worse in 2015.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

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

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