The 2011 income statements of leggett & platt

Reference no: EM131016807

The 2011 income statements of Leggett & Platt, Inc. reports net sales of $3,636.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December 31, 2011 and $501.0 million at December 31, 2010. The average collection period in 2011 was:

A) 7 days
B) 51 days
C) 53 days
D) 50 days
E) None of the above

Reference no: EM131016807

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