The Second Cup is a Canadian specialty coffee retailer with over 350 cafs that serve the needs of thousands of guests daily. Its annual reports include the following details (in thousands of Canadian dollars): Year 2015 Net sales $36,238 Accounts receivable 5,156 2014 $27,497 5,146 2013 $27,345 5,015 2012 $26,385 4,813 2011 $25,554 5,651 2010 $25,689 5,959 Allowance for doubtful 1,706 1,005 657 274 133 55 accounts Required: 1-a. Determine the receivables turnover ratio for 2011-2015. (Round the final answers to 2 decimal places.) Turnover Ratio 2015 9.56 times 2014 3.05 times 2013 2.96 times 2012 5.25 times 2011 4.47 times 1-b. Determine the average collection period for 2011-2015. (Use 365 days a year. Round the intermediate calculations to 2 decimal places and the final answers to the nearest whole number.) < Prev 3 of 4 Next > Turnover Ratio 2015 9.56 times 2014 3.05 times 2013 2.96 times 2012 5.25 times 2011 4.47 times 1-b. Determine the average collection period for 2011-2015. (Use 365 days a year. Round the intermediate calculations to 2 decimal places and the final answers to the nearest whole number.) Average Collection Period 2015 38 days 2014 120 days 2013 123 days 2012 70 days 2011 82 days 2. Not available in Connect. < Prev 3 of 4 Next >