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E8-16 (Algo) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4) AJ Diaz Company reported the following rounded amounts (in millions): Accounts

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E8-16 (Algo) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4) AJ Diaz Company reported the following rounded amounts (in millions): Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net Sales (assume all on credit) 2019 2018 $ 5,455 $ 5,160 (315) (320) $ 5,140 $ 4,840 $ 41,000 $ 39,5ee 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 9.7? 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 Tumover Ratio Days to Collect days times

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