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2.00 points Shiplt Corporation reported the following rounded amounts (in millions). S5,275 4,980 (225) 230) Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of

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2.00 points Shiplt Corporation reported the following rounded amounts (in millions). S5,275 4,980 (225) 230) Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance S 5,050 $ 4,750 Net Sales (assume all on credit) 46,500 $ 45,200 Required: 1. Determine the receivables turnover ratio and days to collect for 2013, (Use 365 days in a year, Do not round your intermediate calculations. Round your answers to 1 decimal place.) Receivables Turnover Ratio tmes Days to Collect days 2. Do the measures calculated in requirement 1 represent an improvement (or decline) in recelvables turnover, compared to 2012 when the turnover was 8 0 Improvement Decline Hints Reterences eBook & Resources Type here to search oe

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