Below are amounts in millions from three companies annual, Finance Basics

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Below are amounts in millions from three companies annual

Question: Below are amounts (in millions) from three companies' annual reports.

Required: For each company, calculate the receivables turnover ratio and the average collection period (rounded to one decimal place). Which company appears most efficient in collecting cash from sales?

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Finance Basics: Below are amounts in millions from three companies annual

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Finance Basics: Below are amounts in millions from three companies annual

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