Analyzing the Allowance for Uncollectible Accounts Following is the current asset section from the Ralph Lauren Corporation balance sheet: in millions) Cash and cash equivalents Short-term investments Accounts receivable, net allowances of $222.2 million and $214.4 million March 31, 2018 April 1, 2017 $1,304.6 $668.3 699.4 684.7 421.4 450.2 761.3 791.5 38.0 79.4 323.7 280.4 $3,548.4 $2,954.5 Inventories Income tax receivable Prepaid expenses and other current assets Total current assets Compute the gross amount of accounts receivable for both 2018 and 2017. Compute the percentage of the allowance for uncollectible accounts relative to the gross amount of accounts receivable for each of these years. Round percentages one decimal place (i.e., 0.2538 = 25.4%) 2018 2017 Gross receivables $ 421.4 x million $ 0 x million % of allowance for uncollectibles to gross A/R 0 % 0 % Ralph Lauren reported net sales of $6,182.3 million in 2018. Compute its accounts receivable turnover and average collection period. Round answers to one decimal place. Accounts receivable turnover Average collection period 0 x times 0x days