The Becker Milk Company Limited, a real estate and investment management company, reports the following information in its financial statements for the years ended April 30, 2017, 2016, and 2015:

For the year ended April 30, 2017, the Company?s largest single tenant, Alimentation Couche- Tard Inc., accounted for 85% (2016?81%) of rental revenue.

Instructions

a. Finance Calculate the accounts receivable turnover and days sales outstanding (or average collection period of accounts receivable in days) for the two most recent years provided.

b. Comment on your results.

c. Digging Deeper Why do you think the company provided the information in Note 12?

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Accounts receivable, net of allowance for doubtful accounts April 30, 2017 April 30, 2016 April 30, 2015 April 30, 2017 April 30, 2016 April 30, 2015 $ 357,896 152,403 614,255 Revenue, year ended 3,656,548 3,766,437 3,952,076