3M Co. has the revenues of $34,229 million, costs of $19,232 million, inventory of $5,372 million, receivables of $4,635 million, payables of $5,109 million, and total assets of $46,455 million on its latest financial statements. What is its average collect period?

Answer rating: 100% (QA)

Heres how to calculate the average collection period for 3M Co 1 Calculate the annual credit sales U... View the full answer