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The financial statements of m j company report net sales

Question - The financial statements of M & J Company report net sales of $22 billion. Accounts receivable (net) are $2.9 billion at the beginning of the year and $3.2 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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Accounting Basics: The financial statements of m j company report net sales

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