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Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Road Runner Express reported the following rounded amounts (in millions): 2018 $ 5,280
Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Road Runner Express reported the following rounded amounts (in millions): 2018 $ 5,280 (380) $ 4,900 2019 $ 5,575 (375) $ 5,200 Net Sales (assume all on credit) $ 44,500 $ 43,000 Required: 1. Determine the receivables turnover ratio and days to collect for 2019. 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared 2018, when the turnover was 10.2? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the receivables turnover ratio and days to collect for 2019. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Receivables Turnover Ratio Days to Collect times days Required 1 Required 2 Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2018, when the turnover was 10.2? OImprovement Deterioration
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