Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 9/30/2017 6/30/2017 3/31/2017 (21) (04) (23) Balance sheets: Accounts receivable, net Income statements: Sales revenue $20,961 $19,875 $12,965 $ 24,615 $23,395 $22,250 Required: Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Round average accounts receivable answers to nearest whole dollar. Enter your answers in millions. Round "Turnover ratio" answers to 3 decimal places.) Receivables Turnover Ratio Choose Numerator: 1 Choose Denominator: Net sales Average accounts receivable (net) $ 23,395/ $ 24,615 = Receivables Turnover Ratio = Receivables turnover ratio Q4 0 times Q1 = 0 times Choose Numerator: 91 days Average collection period 1 Choose Denominator: 1 Receivables turnover ratio 91/ 911 = Average collection period = Average collection period Q4 0 days 0 days Q1