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Question 4 of 13 00.5 Suppose the 2025 financial statements of 3M Company...

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Accounting

Question 4 of 13
00.5
Suppose the 2025 financial statements of 3M Company report credit sales of $22.20 billion. Accounts receivable (net) are $2.90 billion at the beginning of the year and $3.02 billion at the end of the year.
Compute 3M's accounts receivable turnover. (Round answer to 1 decimal place, e.g.12.5.)
Accounts receivable turnover
times
eTextbook and Media
List of Accounts
Compute 3M's average collection period for accounts receivable in days. (Round answer to 1 decimal place, eg.12.5. Use 365 days for calculation.)
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