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

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

Maple Leaf Foods Inc. reported the following selected information (in

(a) Calculate Maple Leaf'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.

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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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