Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information $($in millions$)$ in its recent annual report:

Previous Year Current Year

Net Sales $$107,096$ $$120,200$

Beginning Accounts Receivable $($net$)7,8707,690$

Ending Accounts Receivable $($net$)7,6907,450$

Calculate the accounts receivable turnover ratio for both years. $($Round your answer to two decimal points.$)$

Calculate the average collection period for both years. $($Use $365$ days for calculation. Round to the nearest whole number.$)$

Is the company's accounts receivable management improving or deteriorating?

Previous Year Current Year

a$.$ Accounts receivable turnover Answer

Answer

$0$

b$.$ Average collection period Answer

$0$

Answer

$0$

c$.$ The company's receivable management Answer

Improved