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I will rate the answer Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarters ($ in millions):

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Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 9/30/2017 6/30/2017 3/31/2017 (01) (03) (04) $21,761 $19,885 $12,975 Balance sheets: Accounts receivable, net Income statements: Sales revenue $24,625 $23,405 $22,270 Required: Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Round average accounts receivable answers to nearest whole dollar. Enter your answers in millions. Round "Turnover ratio" answers to 3 decimal places.) Choose Numerator: Receivables Turnover Ratio 1 Choose Denominator: 1 - Receivables Turnover Ratio Receivables turnover ratio 04 0 times Q1 1 0 times Average collection period 1 Choose Denominator: Choose Numerator: - Average collection period Average collection period

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