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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

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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 divisons: Auckland 1,754 1,354 200 Queenstown 1,707 1,464 192 in Aus millions) Total sales Credit sales Gross profit Allowance for downtul debts (2015) Allowance for doubtlul debts (2016) Accounts receivable (2015) Accounts receivable (2016) Total current assets 7.2 6.3 10 165 198 5.6 122 109 355 281 Accounts receivable balances are presented gross, before deduction of allowance for doubtfuldebts. Required Calculate for each division a) receivables turnover for 2016 b) average collection period for 2016 c) credit risk ratio for 2016 and 2015

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