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 (01) 004) (03) Balance sheets: Accounts receivable, net Income statements: Sales revenue $20,161 $19,865 $12,955 $24,605 $23,385 $22,239 Required: Compute the receivables turnover ratio and the average collection period for Q1 and 24. 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 Denominator Choose Numerator: Receivables Turnover Ratio = Receivables turnover ratio 04 Oltimes Check my Required: Compute the receivables turnover ratio and the average collection period for Q1 and 04. 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 Tumon Ratio Choose Denominator: Choose Numerator: Receivables Tumover Ratio Receivables turnover ratio 04 Q1 O times Otimes Average collection period I Choose Denominator: Choose Numerator: Average collection period Average collection period 04 01 0 days 0 days