Suppose the 2022 financial statements of 3M Company report net sales of $22.1 billion. Accounts receivable (net) are $2.5 billion at the beginning of the year and $2.70 billion at the end of the year. 

Compute 3M’s accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.)

Accounts receivable turnover ratio

enter the accounts receivable turnover ratio in times rounded to 1 decimal place

times

Answer rating: 100% (QA)

Solution Account Receivable Turnover ratio Formula Net Sale... View the full answer