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Compute 3m companys receivable turnover

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Reference no: EM131712874

Question - Suppose the 2017 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year.

A) Compute 3M Company's receivable turnover.

B.) Compute 3M Company's average collection period for accounts receivable in days.

Reference no: EM131712874

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