Exercise 7-30 (Algo) Ratio analysis; Macroware [LO7-9] Macroware Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 6/30/2020 (Q4) 3/31/2020 (Q3) 12/31/2019 (Q2) Balance Sheets: Income statements: Accounts receivable, net $ 20,961 $ 19,875 $ 12,965 Sales revenue $ 24,615 $ 23,395 $ 22,250 Required: Compute the receivables turnover ratio and the average collection period for Q4 and Q3. Assume that each quarter consists of 91 days. Note: Round "Receivables turnover ratio" answers to 3 decimal places and "Average collection period" answers to 2 decimal places. Answer is complete but not entirely correct. Receivables turnover ratio Q4 1.205 times Receivables turnover ratio Q3 1.424 times Average collection period Q4 63.87 days Average collection period Q3 75.48 days