question 8

Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: 013313 $117,200 S$130,500 Beginning Accounts Receivable (net) 8,885 9,150 ,150 12,590 Net Sales Ending Accounts Recelvable (ne) 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 to the nearest whole number.) C. Is the company's accounts receivable management improving or deteriorating? 2012 2013 a. Accounts receivable turnover 13 b. Average collection period c. The company's receivable management Please answer all parts of the question. days Check