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Category > Accounting Posted 06 Jun 2017 My Price 4.00

Recent financial statements of General Mills, Inc. report net sales of $12,442,000,000

Recent financial statements of General Mills, Inc. report net sales of $12,442,000,000. Accounts receivable are $912,000,000 at the beginning of the year and $953,000,000 at the end of the year. Compute General Mills’ accounts receivable turnover. Compute General Mills’ average collection period for accounts receivable in days.

 

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Status NEW Posted 06 Jun 2017 06:06 PM My Price 4.00

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file 1496773447-1562874_1_636322444281792105_General-Mills--Inc.docx preview (67 words )
C-----------alc-----------ula-----------tio-----------n o-----------f A-----------cco-----------unt-----------s r-----------ece-----------iva-----------ble----------- tu-----------rno-----------ver----------- ra-----------tio-----------: -----------Net----------- Sa-----------les----------- = -----------$12-----------,44-----------2,0-----------00,-----------000----------- A-----------ver-----------age----------- Tr-----------ade----------- Re-----------cei-----------vab-----------les----------- (n-----------et)-----------: -----------= (-----------Ope-----------nin-----------g A-----------ver-----------age----------- Tr-----------ade----------- Re-----------cei-----------vab-----------les----------- + -----------Clo-----------sin-----------g A-----------ver-----------age----------- Tr-----------ade----------- Re-----------cei-----------vab-----------les-----------) /----------- 2 ----------- = -----------($9-----------12,-----------000-----------,00-----------0 +----------- $9-----------53,-----------000-----------,00-----------0)/-----------2 -----------= 9-----------325-----------000-----------00 ----------- Ac-----------cou-----------nts----------- re-----------cei-----------vab-----------le -----------tur-----------nov-----------er -----------rat-----------io ----------- =----------- (N-----------et -----------Sal-----------es -----------/ A-----------ver-----------age----------- Tr-----------ade----------- Re-----------cei-----------vab-----------les-----------) -----------= $-----------12,-----------442-----------,00-----------0,0-----------00 -----------/ 9-----------325-----------000-----------00 ----------- =1-----------3.3-----------4 t-----------ime-----------s -----------The----------- da-----------ys -----------out-----------sta-----------ndi-----------ng -----------(av-----------era-----------ge -----------col-----------lec-----------tio-----------n p-----------eri-----------od -----------for----------- ac-----------cou-----------nts----------- re-----------cei-----------vab-----------le
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