Macroware Corporation reported the following information in its financial statements for three successive quarters ( $ in millions ) : Three Months Ended 6/30/2020 ( ) 3/31/2020 ( Q3 ) 12/31/2019 ( ) Balance Sheets : Accounts receivable , net Income statements : Sales revenue $ 15, 761 $ 19,810 $ 12,900 24, 550 $ 23,330 :22,120 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 . Receivables turnover ratio Q4 times Receivables turnover ratio Q3 1.427 times Average collection period Q4 Average collection period Q3 days 63.79 days

Macroware Corporation reported the following information in its financial statements for three successive quarters (\$\$ in millions): Required: Compute the recelvables turnover ratio and the ayerage 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