5 Exercise 7-16A Accounts receivable turnover and average days to collect accounts receivable LO 7.7 The following Information is available for Market. Inc and Supply, Inc. at December 31 Accounts Accounts receivable Market, Inc. Supely. Inc $ 56,00 Allmance for doubtful accounts $ 76,500 2,568 2,256 Sales revenue 66,960 077,100 Skipped eBook HI Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required What is the accounts receivable turnover for each of the companies? (Round your answers to 1 decimal place) Company Accounts Receivable Market Supply Turnover times times Prou apped a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance accounts for each company? Book Hint Print Complete this question by entering your answers in the tabs belo Required A Required B Required C What is the average days to collect the receivables? (Use 365 days in a yea your answers to the nearest whole number.) Company Market Supply Average Collection Period days days