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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 $ 5,375 $ 5,080 Allowance for Doubtful Accounts (275) (280) Accounts Receivable, Net of Allowance $ 5,100 $ 4,800 Net Sales (assume all on credit) $ 38,500 $ 37,000 Required: Determine the receivables turnover ratio and days to collect for 2019
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