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Please answer. Accounts Receivable Turnover and Average Collection Period The Longo Corporation disclosed the following financial information ( in millions ) in its recent annual

Please answer. Accounts Receivable Turnover and Average Collection Period The Longo Corporation disclosed the following financial information (in millions) in its recent annual report: 20122013 Net Sales $138,073 $152,732 Beginning Accounts Receivable (net)6,8966,696 Ending Accounts Receivable (net)6,6969,898 Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points.) Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) Is the company's accounts receivable management improving or deteriorating? 20122013 a. Accounts receivable turnover Answer Answer b. Average collection period Answer Answer days c. The company's receivable management AnswerImprovedDeteriorated

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