The following information is available from the annual reports of Company R and Company E. (In millions) R E Net sales revenue $128,800 $44,900 Beginning accounts receivable, net 21,100 3.400 Ending accounts receivable, net 15,700 4,600 Based on the preceding information, compute the following for each company: (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 1. Accounts receivable turnover. (Assume all sales were credit sales.) 2. Average collection period. 1. Accounts receivable turnover 2. Average collection period R times days E times days Attempts: 0 of 1 used Submit Answer