E8-7B. Accounts Receivable Turnover and Average Collection Period The Bud Miller Corporation dis- closed the following financial information (in millions) in its recent annual report: Net sales. . . Beginning accounts receivable (net). Ending accounts receivable (net). Previous Year Current Year $97,096 $111,662 6,450 6,355 a. Calculate the accounts receivable turnover ratio for both years. b. Calculate the average collection period for both years. C. Is the company's accounts receivable management improving or deteriorating? 6,355 6,598