Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended...
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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: Trade receivables (gross) Allowance for doubtful accounts Sales Receivables turnover Average collection period LINK TO TEXT 2015 $25,537 5 The receivables turnover is Calculate Maple Leaf 's receivables turnover and average collection period for 2015 and 2014. (Round answers to 1 decimal place, e.g. 52.5.) 2015 2014 $20,498 3,292,932 3,157,241 times 4 days 2013 $37,173 80 2,954,777 2014 times days Indicate whether each of the receivables turnover and average collection period is better or worse in 2015. in 2015. The average collection period is in 2015. Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2015, 2014, and 2013: Trade receivables (gross) Allowance for doubtful accounts Sales Receivables turnover Average collection period LINK TO TEXT 2015 $25,537 5 The receivables turnover is Calculate Maple Leaf 's receivables turnover and average collection period for 2015 and 2014. (Round answers to 1 decimal place, e.g. 52.5.) 2015 2014 $20,498 3,292,932 3,157,241 times 4 days 2013 $37,173 80 2,954,777 2014 times days Indicate whether each of the receivables turnover and average collection period is better or worse in 2015. in 2015. The average collection period is in 2015.
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Ans 1 Year 2015 2014 Year 2015 2014 Receivable Turnover SaleAverage Accounts Recei... View the full answer
Related Book For
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
Posted Date:
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