Solved: The 2011 income statements of leggett platt inc reports, Accounting Basics

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The 2011 income statements of leggett platt inc reports

Question - The 2011 income statements of Leggett & Platt, Inc. reports net sales of $3,636.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December 31, 2011 and $501.0 million at December 31, 2010. Determine the average AR collection period at December 31, 2011?

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Accounting Basics: The 2011 income statements of leggett platt inc reports

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