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The following information is available from the annual reports of Cheyenne Corp. and Windsor, Inc. Companies (in millions) Sales Cheyenne Corp. $127,000 21.200 Windsor, Inc.

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The following information is available from the annual reports of Cheyenne Corp. and Windsor, Inc. Companies (in millions) Sales Cheyenne Corp. $127,000 21.200 Windsor, Inc. $41,100 4,000 4.400 Beginning receivables, net Ending receivables, net 18,000 Based on the preceding information, compute the following for each company: (Round answers to 1 decimal place, e. 15.2. Use 365 days for calculation) 1 Accounts receivable turnover. (Assume all sales were credit sales.) 2. Average collection period. Cheyenne Corp. Windsor, Inc. 1. Accounts receivable turnover times times 2. Average collection period days days obmed

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