Function: AVERAGE; Formula: Divide; Cell Referencing Using Excel to Assess Accounts Receivable PROBLEM The 2022 financial statements of 3M Company reported the following amounts. Net sales Accounts receivable, net Beginning of year End of year $ 23.1 billion 3.20 billion 3.25 billion Student Work Area Required: Provide input into cells shaded in yellow in this template. Use the AVERAGE function with cell references in calculating the turnover. Use cell references with mathematical formulas to calculate the average collection period. Compute 3M's accounts receivable turnover and the average collection period in days. Accounts receivable turnover Average collection period 365

For the last entries I am having difficulties understanding, could I have more clarification?

I am completing an income statement. I am not  understanding what the whole thing means. Please help

Im having an issue with this problem. Thank you!

I have 4 problems that I need help finding the correct answer. In each problem an amount for the different categories has been left out so I have to find the unknown number for that account. This is the second time I am submitting these problems for help. The last person not only made numerous typos making it difficult to understand but they also did not reply in a clear manner to each problem. I am labeling the problems 1) 2) 3) and 4). If you could keep that format so it is less confusing I would appreciate it. Also I feel I was given the wrong answer to one of the the problems. So I will see if you come to the same answer.Problem 1Revenue $3000Dividends $2000Expenses $10001/1 Retained Earnings-amount unknown12/31 Retained Earnings $6000Problem 2Revenue $5000Dividends-amount unknownExpenses- $40001/1 Retained Earnings $800012/31 Retained Earnings $3000Problem 3Revenue $6000Dividends $0Expenses-amount unknown1/1 Retained Earnings $1200012/31 Retained Earnings $8000Problem…

Sorry, to bother you but I am not sure where you came up with these numbers. They don't seem to be the same numbers in the question. I guess I am just really confused. Thank you for your help.

Would you please remind me how the debits and credits system works? Why do the assets get debit increased and the liabilities and owner’s equity get debit decreased? I know the parts must balance and clear each other out, but reviewing my notes from a previous class, I’m having a hard time getting a perspective on the principle of the T-balance.

I am confused on #36 of 3.3 in Finite Math for Business.  My teacher wants me to find the interest using the TVM solver on my TI-84 and using the formula I=PRT.  I am not sure what values to plug into my calculator though.

What did you guys get for the last two blank spots. The other question didn't give me a full answer for it.

This is not clear please make it clear in coherent writing with calculations provided