Calculation of Accounts Receivable as a Percentage of the Trailing 12 Months Sales: Now examine the exhibit below and use the sales and receivable amounts from Peregrine's quarterly financial statements to calculate accounts receivable as a percentage of the trailing 12 months sales for fiscal 2000-Q3, 2000-Q4 and 2001-Q1. Comment on your calculations as a signal of overstatement of revenue.