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The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company: Instructions (a) Calculate the 2011 and 2010 current ratios. (b) Calcu

The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company: Instructions (a) Calculate the 2011 and 2010 current ratios. (b) Calculate the receivables turnover and average collection period for 2011 and 2010. (c) Comment on any improvement or weakening in CN s liquidity and its management of accounts receivable.

Apr 11 2020 Read more Less More

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