The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway

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The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company (CN):

The following information (in millions) was taken from the December

Instructions
(a) For 2015 and 2014, calculate CN's current ratio, receivables turnover, and average collection period.
(b) Comment on any improvement or deterioration in CN's management of its accounts receivable.

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...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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