The financial statements of Minnesota Mining and Manufacturing Company (3M) (USA) report net sales of ($20.0) billion.
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The financial statements of Minnesota Mining and Manufacturing Company (3M) (USA) report net sales of \($20.0\) billion. Accounts receivable (net) are \($2.7\) billion at the beginning of the year and \($2.8\) billion at the end of the year. Compute 3M’s accounts receivable turnover. Compute 3M’s average collection period for accounts receivable in days.
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Related Book For
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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