The financial statements of minnesota mining and


Question - 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 accounts receivable turnover.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The financial statements of minnesota mining and
Reference No:- TGS02500157

Now Priced at $25 (50% Discount)

Recommended (95%)

Rated (4.7/5)