please provide the formula used to calculate accounts recievable turnover. ...
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Accounting
please provide the formula used to calculate accounts recievable turnover.
0 E F Function: AVERAGE; Formula: Divide; Cell Referencing 4 Using Excel to Assess Accounts Receivable PROBLEM The 2022 financial statements of 3M Company reported the 6 following amounts 7 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use the AVERAGE function with cell references in calculating the turnover. Use cell references with mathematical formulas to calculate the average collection period Compute 3M's accounts receivable turnover and the average collection period in days $ 23.1 billion 9 Net sales Accounts receivable, net Beginning otyour End of year 10 11 12 13 320 billion 325 billion Accounts receivable turnover TA 15 Average collection period 7.16 percent days 50.96 years times percent 17 13 19 30
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