Suppose the 2014 financial statements of 3m company report


Question - Suppose the 2014 financial statements of 3M Company report net sales of $23.2 billion. Accounts receivable (net) are $3.42 billion at the beginning of the year and $3.54 billion at the end of the year.

Compute 3M's receivable turnover.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Suppose the 2014 financial statements of 3m company report
Reference No:- TGS02859675

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)