Ch 8: Homework Question 13 of 15 -75 View Policies Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Wildhorse and Ayayai. Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 Wildhorse $22 200 72.0 86.0 2.500.0 2.900.0 Ayayai $14.200 110 118 2.100 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation) Wildhorse Ayayai Accounts receivable turnover times times Average collection period days days e Textbook and Media Save for Later Attempts: 0 of 5 used Submit