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Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following financial statement amounts in its 10-K report: ($ millions) Sales Cost of Sales Receivables Inventories PPE, net 2014 $31,611 $17.693 $3,867 $3,416 $7,666 2013 28,662 15,831 3,615 3,155 7,279 2012 24,123 13,109 3,250 2.639 7,000 Required Compute the receivables, inventory, and PPE turnover ratios for both 2014 and 2013. (Receivables turnover and inventory turnover are discussed in Chapters 6 and 7, respectively.) Round to two decimal places. Receivable turnover rate: 2014 0 2013 0 Inventory turnover rate: 2014 2013 0 0 PPE turnover rate: 0 2014 2013 0