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  3. recent financial statements of general mills, inc.

Recent financial statements of General Mills, Inc. report net sales of $12,734,750,000. Accounts receivable are...

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Accounting

Recent financial statements of General Mills, Inc. report net sales of $12,734,750,000. Accounts receivable are $947,300,000 at the
beginning of the year and $967,700,000 at the end of the year.
(a1)
Your answer is correct.
Compute General Mills' accounts receivable turnover. (Round answer to 2 decimal places, e.g.15.25.)
Accounts receivable turnover
times
eTextbook and Media
Attempts: 1 of 3 used
(a2)
Compute General Mills' average collection period for accounts receivable in days. (Round answer to 2 decimal places, e.g.15.25. Use
365 days for calculation.)
Average collection period
days
image

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