Check my workCheck My Work button is now enabled

Item 15

ShipIt Corporation reported the following rounded amounts (in millions):

	2016				2015
Accounts Receivable	$	5,555			$	5,260
Allowance for Doubtful Accounts		(365	)			(370	)
Accounts Receivable, Net of Allowance	$	5,190			$	4,890
Net Sales (assume all on credit)	$	44,000			$	42,500

Required:

1. Determine the receivables turnover ratio and days to collect for 2016.