Recent financial statements of General Mills, Inc. reported net sales of $12,442,000,000. Accounts receivable are $912,000,000 at the beginning of the year and $553,000,000 at the end of the year.General Mills' average collection period for accounts receivable is __________ days. (round to two decimals)---There are no graphs or diagrams present in the image.

Name: Recent financial statements of General Mills, Inc. reported net sales
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Description: Recent financial statements of General Mills, Inc. reported net sales of $12,442,000,000. Accounts receivable are $912,000,000 at the beginning of the year and $553,000,000 at the end of the year.General Mills' average collection period for accounts

Accounts receivable Beginning of the year (A) $912,000,000 End of the year (B) $953,000,000 Average C = [(A) + (B)] / 2 $932,500,000Net sales D $12,442,000,000 Receivables turnover E = D / C 13.34 times Average collection period F = 365 days / 13.34 27.36 Days

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Recent Financial statements of General Mills, Inc. reported net sales of $12,442.000,000. Accounts receivalbe are $912,000,000 at the beginning of the year and $953,000,000 at the end of the year. days. (round to two decimals) General Mills average collection period for accounts receivable is

Recent Financial statements of General Mills, Inc. reported net sales of $12,442.000,000. Accounts receivalbe are $912,000,000 at the beginning of the year and $953,000,000 at the end of the year. days. (round to two decimals) General Mills average collection period for accounts receivable is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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