Question 4 of 4 -/2 View Policies Current Attempt in Progress Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017, and 2016: 2018 2017 2016 Trade receivables (gross) $109,945 $90,862 $90,463 Allowance for doubtful accounts 1,305 Sales 3,495,519 3,522,226 3,331,812 (a) Calculate Maple Leaf's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place, eg. 52.5.) 2018 2017 Receivables turnover times times Average collection period days days eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
Question 4 of 4 -/2 View Policies Current Attempt in Progress Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018, 2017, and 2016: 2018 2017 2016 Trade receivables (gross) $109,945 $90,862 $90,463 Allowance for doubtful accounts 1,305 Sales 3,495,519 3,522,226 3,331,812 (a) Calculate Maple Leaf's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place, eg. 52.5.) 2018 2017 Receivables turnover times times Average collection period days days eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 4 of 4
>
-/2
View Policies
Current Attempt in Progress
Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018,
2017, and 2016:
2018
2017
2016
Trade receivables (gross)
$109,945
$90,862
$90,463
Allowance for doubtful accounts
1,305
Sales
3,495,519
3,522,226
3,331,812
(a)
Calculate Maple Leaf's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place,
e.g. 52.5.)
2018
2017
Receivables turnover
times
times
Average collection period
days
days
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5cc9ea8c-cee7-4b05-bc96-9e127c5c77a2%2F755da375-41eb-4e0d-9ca0-aa3ab8e0e43d%2Fmm84p5c_processed.png&w=3840&q=75)
Transcribed Image Text:Question 4 of 4
>
-/2
View Policies
Current Attempt in Progress
Maple Leaf Foods Inc. reported the following selected information (in thousands) for the three years ended December 31, 2018,
2017, and 2016:
2018
2017
2016
Trade receivables (gross)
$109,945
$90,862
$90,463
Allowance for doubtful accounts
1,305
Sales
3,495,519
3,522,226
3,331,812
(a)
Calculate Maple Leaf's receivables turnover and average collection period for 2018 and 2017. (Round answers to 1 decimal place,
e.g. 52.5.)
2018
2017
Receivables turnover
times
times
Average collection period
days
days
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
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