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Print Question 4 Not yet answered Marked out of 1.00 P Flag question Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the
Print Question 4 Not yet answered Marked out of 1.00 P Flag question Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information in millions) in its recent annual report: Net Sales Beginning Accounts Receivable (net) Ending Accounts Receivable inet) 2015 2016 $71 050 581,662 3.896 4,100 4,100 3.596 a. Calculate the accounts receivable turnover ratio for both years. (Round to two decimal points) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) c. is the company's accounts receivable management improving or deteriorating? 2015 2016 a Accounts receivable turnover b. Average collection period c. The company's receivable management
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