Presented here is selected financial information (in millions of dollars) from the 2017 financial statements of Canadian National Railway Company and Canadian Pacific Railway Limited:

		CN Railway		CP Railway
Sales		$13,041		$6,554
Allowance for doubtful accounts, beginning of year		28		32
Allowance for doubtful accounts, end of year		16		25
Accounts receivable balance (net), beginning of year		875		591
Accounts receivable balance (net), end of year		984		687

(a)

Partially correct answer icon

Your answer is partially correct.

Calculate the receivables turnover and average collection period for both companies. (Round times to 1 decimal place, e.g. 52.7 and all other answers to 0 decimal places, e.g. 52.)

		CN Railway			CP Railway
Receivables turnover			times			times
Average collection period			days			days

Your answer is partially correct. Calculate the receivables turnover and average collection period for both companies. (Round times to 1 decimal place, e.g. 52.7 and all other answers to decimal places, e.g. 52.) CN Railway CP Railway Receivables turnover 14.03 times 10.2 times Average collection period 26.07 days 35.6 days