Question: 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)
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 2015 2014 2013 $25,537 $20,498 $37,173 5 4 80 3,292,932 3,157,241 2,954,777 your answer is partially correct. Try again. 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 Receivables turnover 143.09 times 109.65 times Average collection period 2.55 days 3.33 days
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