The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2011, 2010, and 2009. Financial Statement Data (in thousands of dollars) __________________ 2011 2010 _2009_ Sales ........................... $4,893,624 ........... $4,968,119 ......... $5,221,602 Accounts receivable ......... 133,504 ........... 108,379 ......... 372,330 (a) Calculate Maple Leaf's receivables turnover and collection period for 2011 and

The of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2011, 2010, and 2009.
Financial Statement Data
(in thousands of dollars)
__________________________ 2011 ____________ 2010 ___________2009___
Sales ........................... $4,893,624 ........... $4,968,119 ......... $5,221,602
Accounts receivable ......... 133,504 ........... 108,379 ......... 372,330
(a) Calculate Maple Leaf's receivables turnover and collection period for 2011 and 2010.
(b) Has the company's liquidity improved or weakened?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...