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The 2006 financial statements of mm company report net

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The 2006 financial statements of MM Company report net sales of $38.7 billion. Accounts receivable (net) are $3.1 billion at the beginning of the year and $3.6 billion at the end of the year. Compute MM's receivables turnover ratio. Compute MM's average collection period for accounts receivable in days.

Receivables turnover ratio times
Average collection period days

Reference no: EM13596762

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