Question: *please solve using excel^ Computing and Evaluating Receivables, Inventory, and PPE Turnovers 3M Company reports the following financial statement amounts in its 10-K report: ($

*please solve using excel^ Computing and Evaluating Receivables, Inventory, and PPE

*please solve using excel^

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 $31,111 $17,193 $3,867 $3,416 $7,666 2013 28,162 15,331 3,615 3,155 7,279 2012 23,623 12,609 3,250 2,639 7,000 Required Compute the receivables, inventory, and PPE turnover ratios for both 2014 and 2013. (Receivables turnover and discussed in Chapters 6 and 7, respectively.) Round to two decimal places. Receivable turnover rate: X 2014 2013 X Inventory turnover rate: 2014 X 2013 X PPE turnover rate: 2014 X 2013 X

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