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E. See table for Ford & GM financial data: Accounts Receivable Sales $ millions Year 3 Year 2 Year 1 Year 3 Year 2 Ford
E. See table for Ford & GM financial data: Accounts Receivable Sales $ millions Year 3 Year 2 Year 1 Year 3 Year 2 Ford Motor Co General Motors Co $11,102 9,638 $11,042 $11,708 $141,546 8,337 9,078 $140,566 145,922 156,849 For both Year 2 and Year 3, and for both companies, compute: (SHOW WORK) 1. Accounts receivable turnover 2. Average days to collect receivables 3. What suggestions do you have for Ford to improve their collection process? 4. Both companies improved collections over time by how much did cash increase for each of them because it took fewer days to collect
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