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Check my wa 3 Shiplt Corporation reported the following rounded amounts (in millions): Accounts Receivabla Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net
Check my wa 3 Shiplt Corporation reported the following rounded amounts (in millions): Accounts Receivabla Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net Sales assume all on crediti 2016 $ 5,255 (215) $ 5,040 $46,000 2015 $ 4,960 (220) $4,740 $44,700 int Required: 1. Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) times Receivables Turnover Ratio Days to Collect days 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration in receivables turnover, compared to 2015 when the turnover was 10.8
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