Question: Please help me Presented here is selected financial information (in millions) from the 2014 financial statements of Rogers Communications Inc. and Shaw Communications Inc. :
Please help me
Presented here is selected financial information (in millions) from the 2014 financial statements ofRogers Communications Inc.andShaw Communications Inc.:
RogersShawNet Sales
$12,850$5,241Allowance for doubtful accounts, beginning of year
10427Allowance for doubtful accounts, end of year
9832Accounts receivable balance (net), beginning of year
1,509486Accounts receivable balance (net), end of year
1,591493
Calculate the receivables turnover and average collection period for both companies.(Round times to 1 decimal place, e.g. 52.7 and all other answers to 0 decimal places, e.g. 52.)
Rogers Shaw
Receivables turnover(times)
Average collection period (days)
Comment on the difference in their collection experiences.
(Rogers or Shaw) was more efficient than(Rogers or Shaw) in collecting its receivables.
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