Presented here is basic financial information in millions

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Presented here is basic financial information (in millions) from the 2006 annual reports of Green Co. and Brown Co.

  • Green Co. Brown Co.
  • Sales $16,907.2 $10,176.7
  • Allowance for doubtful accounts, Jan. 1 79.8 83.7
  • Allowance for doubtful accounts, Dec. 31 86.4 130.7
  • Accounts receivable balance (gross), Jan. 1 2,789.2 1,208.5
  • Accounts receivable balance (gross), Dec. 31 3,057.7 1,552.3

determine the recieveables turnover ratio and avg collection period

 

Reference no: EM13600502

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