Advanced Lifestyle Ltd has stores in Auckland and Queenstown. The following information was taken from the 2016 financial statements, showing the results of its two dIviSIOons: in NZ$ millions) Total sales Credit sales Gross profit Allowance for doubtful debts (2015) Allowance for doubtful debts (2016) Accounts receivable (2015) Accounts receivable (2016) Total current assets Auckland Queenstown 1,637 1,472 157 6.8 1,778 1,481 223 6.9 10 161 186 291 136 131 260 Required Calculate for each division: 1. 2. 3. receivable turnover for 2016 average collection period for 2016 credit risk ratio for 2016 and 2015 (Round receivable turnover and average collection period to 1 decimal places, e.g. 15.6. Round credit risk ratio to 2 decimal places, eg. 7.8390.) Auckland Queenstown 1. 2. 3. Receivable turnover Average collection period Credit risk ratio for 2016 Credit risk ratio for 2015 times times days days