E8-16 (Algo) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] 2018 Carter & Evans reported the following rounded amounts (in millions): 2019 Accounts Receivable $ 5,275 $ 4,980 Allowance for Doubtful Accounts (225) (230) Accounts Receivable, Net of Allowance $ 5,050 $4,750 Net Sales (assume all on credit) $ 46,500 $ 45,200 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 10.9? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the receivables turnover ratio and days to collect for 2019. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Receivables Turnover Ratio times Days to Collect days