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P&E Shipping reported the following rounded amounts (in millions): Required: 1. Determine the recelvables turnover ratio and days to collect for 2019. 2. Do the
P\&E Shipping reported the following rounded amounts (in millions): Required: 1. Determine the recelvables turnover ratio and days to collect for 2019. 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in recelvables turnover, compared to 2018 , when the turnover was 10.8 ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine the receivables turnover ratio and days to collect for 2019. (Use 365 days in a year, Do not round intermediate calculations. Round your final answers to 1 decimal place,)
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