Presented here is basic financial information (in millions) from the annual reports of Sunland and Cheyenne....

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Presented here is basic financial information (in millions) from the annual reports of Sunland and Cheyenne. Sunland Cheyenne Sales $19,000 $12,000 Allowance for doubtful accounts, Jan. 1 79.0 113 Allowance for doubtful accounts, Dec. 31 85.0 115 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 2,500.0 2,000 2,900.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Sunland Accounts receivable turnover Average collection period times days Cheyenne times days Presented here is basic financial information (in millions) from the annual reports of Sunland and Cheyenne. Sunland Cheyenne Sales $19,000 $12,000 Allowance for doubtful accounts, Jan. 1 79.0 113 Allowance for doubtful accounts, Dec. 31 85.0 115 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 2,500.0 2,000 2,900.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Sunland Accounts receivable turnover Average collection period times days Cheyenne times days