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ABC Corporation reported the following information in its financial statements for three successive quarters ( $ in millions): Required: Compute the receivables turnover ratio and

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ABC Corporation reported the following information in its financial statements for three successive quarters ( $ in millions): Required: Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Round average accounts receivable answers to nearest whole dollar. Enter your answers in millions. Round "Turnover ratio" answers to 3 decimal places.)

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