Question: 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

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.

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

Step by Step Solution

★★★★★

3.38 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

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

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1160-B-C-A-I-C-A-C(1913).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Maple Leaf Foods Inc. reported the following selected information (in thousands): _________________________________20112010 Total assets...............................$2,940,459...........$2,834,910...

Determine productivity ratios including receivables turnover and average collection period in year2. 2012 Income Statement ($Million) Net sales Less: Cost of goods sold Less: Depreciation Earnings...

The Home Depot Inc. reported the following selected information for the last five years (in U.S. millions, except earnings per share): Instructions (a) Calculate Home Depot's return on common...

View Policies Current Attempt in Progress Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017 and 2016: 2018 2017 2016...

Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2015, 2014, and 2013: 2015 2014 2013 Trade receivables (gross) $25,537 $20,498...

Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017, and 2016: Your answer is correct. Calculate Maple Leaf's...

Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017, and 2016: Trade receivables (gross) Allowance for doubtful accounts...

Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2015, 2014, and 2013: (a) Calculate Maple Leaf's receivables turnover and...

Need help with this question, thank you in advance! Please show workings and formulas as well Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years...

Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017, and 2016: 2018 2017 2016 Trade receivables (gross) $109,945 $90,862...

1. Using the Mundell-Fleming open economy model, briefly explain the effects of the following policies on the economy. Draw the relevant diagram in each case. An expansionary fiscal policy under a...

Fitrah Sdn Bhd, a manufacturer of custom golf equipment, wants to choose the better of two investments, A and B. Each requires an initial outlay of RM10,000 and each has a most likely annual rate of...

5.3 Empirical vs. Theoretical A Monopoly player claims that the probability of getting a 4 when rolling a six-sided die is 1/6 because the die is equally likely to land on any of the six sides. Is...

Describe how you go about starting a small business and what resources are needed.

Stagg Advertising Companys trial balance at December 31 shows Supplies $8,800 and Supplies Expense $0. On December 31 there are $1,100 of supplies on hand. Prepare the adjusting entry at December 31...

At the end of its first year, the trial balance of Jules Company shows Equipment $22,000 and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the year is...

On July 1, 2012, Ryhn Co. pays $12,400 to Craig Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Ryhn Co., journalize and post the entry on July...

Question 1 1. A Michigan travel agent wants to examine the relationship between the number of days temperatures fell below 20 degrees in December and the number of subsequent cruise bookings in...

You want to have $2.5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 10.1 percent and the inflation rate is 3.4 percent. What real amount...

Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 7 years ago for $6 million in anticipation of using it as...