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Accounts Recelvable Turnover and Average Collection Perlod The Bud Miller Corporation disclosed the following financial information (in millions) in its recent annual report: 2018 2019

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Accounts Recelvable Turnover and Average Collection Perlod The Bud Miller Corporation disclosed the following financial information (in millions) in its recent annual report: 2018 2019 $97,096 $111,662 6,450 Net Sales Beginning Accounts Receivable (net) Ending Accounts Receivable (net) 6,355 6,355 6,598 a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points.) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) c. Is the company's accounts receivable management improving or deteriorating? 2018 2019 a. Accounts receivable turnover b. Average collection period c. The company's receivable management Check Save Answers Previous

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