Compute 3ms accounts receivable turnover

Assignment Help Financial Management
Reference no: EM132405235

Question

Suppose the 2022 financial statements of 3M Company report net sales of $25.9 billion. Accounts receivable (net) are $3.4 billion at the beginning of the year and $3.60 billion at the end of the year. Compute 3M's accounts receivable turnover.

Reference no: EM132405235

Questions Cloud

How much of the total contract price to streaming service : Main Company sells video streaming devices for $100. A one-year subscription to unlimited video streaming costs $150.
Prepare the entries to record sales and collections : Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period.
Describe the cellular organization of the vertebrate retina : Include in your description each of the major types of neurons, the patterns of synaptic connections each makes, and say whether each is a spiking.
What are the potential haplotypes of the gametes : A) What are the potential haplotypes of the gametes produced by the mother for these two genes?
Compute 3ms accounts receivable turnover : Suppose the 2022 financial statements of 3M Company report net sales of $25.9 billion. Accounts receivable are $3.4 billion at the beginning.
What are the problems faced by photosynthetic organisms : What are the problems faced by photosynthetic organisms in living on land as opposed to water?
Why would a high mutation rate be useful : Why would a high mutation rate be useful in these types of experiments?
Calculate the companys current income : Calculate the company's current income and determine the level of dollar sales needed to double that figure, assuming that manufacturing operations remain.
How far apart are these genes : In a two-point cross to map genes A and B, you obtained 98 recombinant types and 902 parental types among the offspring. How far apart are these genes?

Reviews

Write a Review

Financial Management Questions & Answers

  Value of total liabilities account in the balance sheet

What is the value of total assets account in the balance sheet? What is the value of total liabilities account in the balance sheet?

  A sunk cost has no impact on evaluation of capital project

One source of potential conflict between bond and stockholders is the amount of liquidity the company should maintain. It was recommended to have a consistent and upward moving dividend policy if the firm is in the maturity stage of operations. A sun..

  What are some of the operating exposures

what are some of the operating exposures you would recommend that management consider? Explain your reasoning.

  High degree of leverage then a small change in sales results

If a firm has a high degree of leverage then a small change in sales results in

  How much warranty expense does the company report

The repairs cost $128 for materials taken from the Repair Parts Inventory. These are the only repairs required in 2016 for this copier

  Describe the challenges the populations served by firm

XYZ University has required you to find at least three peer-reviewed articles in the EBSCO library to support your research this week. EBSCO tutorial.

  Performance of income measures cash flows of value

The performance of income measures cash flows of a value in relation to any price, as sales price or current market price negotiable, but they are not liquids.

  Invests in ten year ordinary annuity for graduation present

Danielle Salomon invests in a 10-year ordinary annuity for a graduation present. She contacts her bank and tells them to open an account and automatically deposit $500 at the end of each of the first 5 years, and $1000 at the end of each of the remai..

  Advantages and disadvantages of such a policy

Determine if the budget projections in 20x7 and 20x8 indicate any changes either favorable or unfavorable in the company performance.

  Find the prices of the bond

Find the prices of the bond. Construct the amortization table of the bond.

  What is the total return on the stock during past years

What is the total return on the stock during the past year in terms of Yen? In terms of dollar?

  Write a profile about a different multinational company

You have read about a number of companies that have expanded their business by exploring and establishing themselves as a multinational (international) company.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd