Maple Leaf Foods Inc. reported the following selected information (in thousands for the three years...
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Accounting
Maple Leaf Foods Inc. reported the following selected information (in thousands for the three years ended December 31, 2018 2017 and 2016 Trade receivables (gross) Allowance for doubtful accounts Sales 2018 $109,945 1.305 3,495,519 2017 $90,862 S 3,522.226 2016 $90.463 5 3.331,812 a) Your answer is partially correct. Calculate Maple Leaf's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place, -3.525) 2018 2017 Receivables turnover times times Average collection period days 9.3 days
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