Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended (a)

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Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended

(a) Calculate Maple Leaf's receivables turnover and average collection period for 2012 and 2011.
(b) Indicate whether each of the receivables turnover and average collection period is better or worse in 2012.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

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

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Question Posted: Jan 11, 2017 10:13 AM

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Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended (a)

Question:

2012 S 55,954 2011 $ 81,477 2010 $ 65,084 Trade recetvables (gross) Allowance for doubtful accounts Net sales 204 5,789 6,764 4,864,779 4,893,624 4,968,119

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a in thousands 2012 2011 Receivables 4864779 708 times 4893624 ...View the full answer

Financial Accounting Tools for Business Decision Making

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