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QUESTION
The 2011 income statements of Leggett amp; Platt, Inc. reports net sales of $3,636.0 million. The balance sheet reports accounts receivable, gross...
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 AR collection period at December 31, 2011:
