Question: View Polides Current Attempt in Progress The following information in millions was taken from the December 31 financial statements of Canadian National Rallway Company (CN).

View Polides Current Attempt in Progress The following information in millions was taken from the December 31 financial statements of Canadian National Rallway Company (CN). Accounts receivable, gross Allowance for doubtful accounts Accounts receivable, net Revenues Total current assets Total current liabilities 2018 $1,195 26 1.169 14,321 2.728 3,500 2017 $1,000 16 984 13.041 2.190 3,983 2016 $903 28 875 12,037 2,107 3,008 (a) For 2018 and 2017 calculate CN's current ratio, receivables turnover, and average collection period. (Round answers to 1 decimal place, s. 5.2) 2018 2017 1 Current ratio Receivables turnover Average collection period times times days days eTextbook and Media Attempts:0 of 3 used Submit A
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
