Presented here is basic financial information from the 2004 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.

(in millions) Intel AMD Sales $34,209 $3,924.3 Allowance for doubtful accounts, Jan. 1 ao 20.7 Allowance for doubtful accounts, Dec. 31 43 17.8 Accounts receivable balance (gross), Jan. 1 3,015 585.5 Accounts receivable balance (gross), Dec. 31 3,042 737.4 Comprehensive Problem Instructions Calculate the receivables turnover ratio and average collection period for both companies.

Comment on the difference in their collection experiences.