Show Me How VI000 Calculator Accounts Receivable Tumover for Rise-n-shine Company The 2015 annual report of Rise-n-shine Company (the maker of Brandees and Munchems) reported the following amounts (in millions of dollars): Revenues, for the year ended May 31, 2015 $16,400 Accounts recevable, net, May 31, 2015 953 Accounts receivable, net, May 31, 2014 1,082 Required: 1. Compute Rise-n-shine Company's accounts receivable turnover ratio for the year ended May 31, 2015. Assume that all sales are on credit. Round your answer to two decimal places times 2. What is the average collection period days for an account receivable (assuming in a year) Round the final answer to the nearest number days 3a. Which of the following would be the types of customers that Rise-n-shine Company would have a. Grocery wholesalers b. Grocery chains c. Institutional food services d. All of the above 31. Select the answer that would be helpful to determine if the average collection period for sales is reasonable: a. Industry comparisons b. Prior years comparisons c. Credit terms d. All of the above would be helpful