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Compute 3ms receivables turnover ratio compute 3ms average

The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of $20.0 billion. Accounts receivable (net) are $2.7 billion at the beginning of the year and $2.8 billion at the end of the year. Compute 3M's receivables turnover ratio. Compute 3M's average collection period for accounts receivable in days.

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Financial Accounting: Compute 3ms receivables turnover ratio compute 3ms average

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Financial Accounting: Compute 3ms receivables turnover ratio compute 3ms average

Reference No:- TGS0779340

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