Question 1 Not complete Marked out of 20.00 Flag question Accounts Receivable Turnover and Average Collection Period The Yale Corporation disclosed the following financial information (in millions) in its recent annual report: Net Sales Previous Year Current Year Beginning Accounts Receivable (net) Ending Accounts Receivable (net) $127,096 8,896 8,120 $112.550 120 6.598 a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points.) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round your answer to the nearest whole number.) c. Is the company's accounts receivable management improving or deteriorating? a Accounts receivable turnover b. Average collection period The company's receivable management Check Previous Year Current Year