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The Procter & Gamble Company (PG) and Colgate-Palmolive Company (CL) report the following sales and accounts receivable balances ($ millions) for 2012 and 2011. a.

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The Procter & Gamble Company (PG) and Colgate-Palmolive Company (CL) report the following sales and accounts receivable balances ($ millions) for 2012 and 2011. a. Compute the accounts receivable turnover for both companies for 2012. b. Identify and discuss a potential explanation for the difference between these competitors' accounts receivable turnover

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