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 (Q1) (24) (23) $18,961 $19,850 $12,940 Balance sheets: Accounts receivable, net Income statements: Sales revenue $24,590 $23,370 $22,200 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 1 Choose Denominator: Choose Numerator: = Receivables Turnover Ratio = Receivables turnover ratio / Q4 / times Q1 / times Average collection period 1 Choose Denominator: Choose Numerator: = Average collection period = Average collection period / Q4 / = days days Q1 / =