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The financial data for Michaels' Foods Inc. and Sunshine Enterprises Ltd. for the current year are as follows (amounts in thousands): Annual Sales $64,750 Accounts

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The financial data for Michaels' Foods Inc. and Sunshine Enterprises Ltd. for the current year are as follows (amounts in thousands): Annual Sales $64,750 Accounts Accounts Receivable Jan 1 Receivable Dec. 31 $6,530 $8,290 Michaels Foods Sunshine Enterprises 31.940 1,630 2,080 Part 1 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) Michaels' Foods Sunshine Enterprises times times Accounts receivable turnover Part 2 Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.3. 18.4.) Michaels Foods Sunshine Enterprises Days to Collect days 1 days e Textbook and Media

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