question/3 RADED 7 Q A Question 4 of 6 Z @ 62 Revenues The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company (CN): Accounts receivable, gross Allowance for doubtful accounts Accounts receivable, net. Total current assets Total current liabilities. 2 Current ratio Receivables turnover S < # S 3 W E X + $ > E 4 % 5 2018 $1,195 $1,000 26 V 1,169 2,728 (a) For 2018 and 2017, calculate CN's current ratio, receivables turnover, and average collection period. (Round answers to 1 decimal place, e.g. 5.2.) 3,500 14,321 13,041 RIT 2017 G 2018 A 16 6 984 2,190 3.983 & H 2016 :1 $903 12,037 7 28 875 2,107 3,008 times. * 8 J N|| to 144 - 2017 M ( 9 K no bill O ) :1 times O DAI -/10 P : { ? JO LL ] ⠀ prt sc ← backspace ( 2
| ال ال 1 A Total current liabilities N erfect (a) For 2018 and 2017, calculate CN's current ratio, receivables turnover, and average collection period. (Round answers to 1 decimal place, e.g. 5.2.) Current ratio Receivables turnover Average collection period 2 eTextbook and Media Save for Later * W 10 S 3 X E alt s D 4 R % 3,500 5 . 2018 T -- 3,983 3,008 6 " + & Y الالالالال الالالالالا :1 times I days 7 ak 00 N 8 19 199 M ( و 2017 < fio Dell ر ) الالالالالالال الالالك Attempts: 0 of 3 used Submit Answer O O :1 times. days > DDI ; تال alt ? ے ] prt sc ا backspace
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