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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): 2019 2018
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): 2019 2018 Accounts Receivable $ 5,255 $ 4,960 Allowance for Doubtful Accounts (215) (220) Accounts Receivable, Net of Allowance $ 5,040 $ 4,740 Net Sales (assume all on credit) $ 46,000 $ 44,700 Required: Determine the receivables turnover ratio and days to collect for 2019
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