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Exercise 5-18 Calculate receivables ratios (LO8) Below are amounts (in millions) from three companies' annual reports. Required: For each company, calculate the receivables turnover ratio

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Exercise 5-18 Calculate receivables ratios (LO8) Below are amounts (in millions) from three companies' annual reports. Required: For each company, calculate the receivables turnover ratio and the average collection period. (Do not round intermediate calculations.) Receivables Turnover Ratio Average Collection Period

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