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

	2012	2013
Net Sales	$137,097	$151,606
Beginning Accounts Receivable (net)	10,880	10,640
Ending Accounts Receivable (net)	10,640	10,358

1. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points.)
2. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.)
3. Is the company's accounts receivable management improving or deteriorating?

	2012	2013
a. Accounts receivable turnover	Answer	Answer
b. Average collection period	Answer	Answer
c. The company's receivable management	AnswerImprovedDeteriorated