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Gates Electronics Corporattion reported the following information in s financial statements for three successive quarters(S in mons Three Months Ended 12/31/2015 (02) 9/30/2015 6/38/2815 (Q1)

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Gates Electronics Corporattion reported the following information in s financial statements for three successive quarters(S in mons Three Months Ended 12/31/2015 (02) 9/30/2015 6/38/2815 (Q1) (04) Salance sheets: Accounts receivable, set Income statesents: Sales revenoe $14,600 $17,200 $12,400 $ 23,055 $27,898 s21,129 Required: Compute the recevables turnover ratio and the average collection period for Q1 and Q2 Assume that each quarter consists of 91 days. (Enter your answers In millons. Round "Turnover ratio" answers to 3 decimal pleces.)

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