Macroware Corporation reported the following Information In Its financial statements for three successive quarters ($ in millions): Balance Sheets: Accounts receivable, net Income statements: Sales revenue 6/30/2020 (04) $ 21,361 $ 24,620 Answer is complete but not entirely correct. Receivables turnover ratio Q4 Receivables turnover ratio Q3 Average collection period Q4 Average collection period Q3 Three Months Ended 3/31/2020 (03) 12/31/2019 (Q2) $ 19,880 1.194 times 1.425 times 76.28 days 61.49 days $ 23,400 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 ratlo" answers to 3 decimal places and "Average collection perlod" answers to 2 decimal places. $ 12,970 $ 22,260

Macioware Corporation reported the following information in its financial statements for three successive quarters ( $ in millions): Requlred: Compute the recelvables tumover rato and the average collection period for Q4 and Q3. Assume that each quarter consists of 91 days: Note: Round "Recelvables turnover ratio" answers to 3 decimal places and "Average collection period" answers to 2 decimal places