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Semenov [28]
3 years ago
8

Use General Mills financial statements to answer questions in this section. All answers should be for the most recent fiscal yea

r unless otherwise stated. For all questions in this section, enter all numbers exactly as they appear in the financial statements. This includes intermediate calculations. If it is stated as a decimal in the financials, use the same decimal in your answer. Answer without dollar signs and other symbols.
Business
1 answer:
Firdavs [7]3 years ago
3 0

Answer:

27.4 days

Explanation:

Accounts receivable turnover days :

365 / Receivable turnover ratio

Receivable turnover ratio :

Sales / Average accounts receivables

12,442,000,000 / 932,500,000 = 13.34

Account receivable turnover days :

365 / 13.34 = 27.4 days

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