1. Accounts receivable turnover. (For Tootsie Roll, use "Net product sales." Assume all sales were credit sales.)
2. Average collection period for accounts receivable.
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Tootsie Roll |
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Hershey Company |
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Accounts receivable turnover |
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![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
times |
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![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
times |
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Average collection period |
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![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
days |
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![](https://edugen.wiley.com/edugen/art2/common/pixel.gif) |
days |