Accounts Receivable Turnover and Average Collection Period The Outback Corporation dis-

closed the following financial information (in millions) in its recent annual report:

2018 2019

Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $72,500 $83,750

Beginning accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,896 4,100

Ending accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,100 3,596

a. Calculate the accounts receivable turnover ratio for both years.

b. Calculate the average collection period for both years.

c. Is the companys accounts receivable management improving or deteriorating? explain