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E 8 - 1 6 ( Algo ) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [ LO 8 - 4 ] QuickShip

E8-16(Algo) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4]
QuickShip Corporation reported the following rounded amounts (in millions):
Required:
1. Determine the receivables turnover ratio and days to collect for 2019.
2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to
2018, when the turnover was 9.4?
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