Accounts Receivable Turnover for Healthy Hills The 2015 annual report of Healthy Hills (the maker of Smiley O's and Oaties) reported the following amounts (in millions of dollars): Revenues, for the year ended May 31, 2015 $18,000 953 Accounts receivable, net, May 31, 2015 Accounts receivable, net, May 31, 2014 1,082 Required: 1. Compute Healthy Hills's accounts receivable turnover ratio for the year ended May 31, 2015. Assume that all sales are on credit. Round your answer to two decimal places. X times 2. What is the average collection period in days for an account receivable. (assuming 360 in a year) Round the final answer to the nearest number. X days 3a. Which of the following would be the types of customers that Healthy Hills would have: a. Grocery wholesalers b. Grocery chains C. Institutional food services d. All of the above x 3b. Select the swer that would be helpful to determine if the average collection period for sales is reasonable: a. Industry comparisons b. Prior years comparisons C. Credit terms d. All of the above would be helpful d