The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: Year 1 Year 2 $100,644 $122,493 Net sales Beginning accounts receivable (net) 6,818 6,468 Ending accounts receivable (net) 6,468 6,297 a. Calculate the accounts receivable turnover ratio for both years. b. Calculate the average collection period for both years. Notes: 1. Round all answers to one decimal place. 2. Use rounded answer from part a. to compute the average collection period. a. Accounts receivable turnover b. Average collection period (days) Year 1 Year 2

The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: a. Calculate the accounts receivable turnover ratio for both years. b. Calculate the average collection period for both years. Notes: 1. Round all answers to one decimal place. 2. Use rounded answer from part a. to compute the average collection period