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Vide Corporation disclosed the following financial information (in millions) in its Year 2 annual report: Net sales: $80,000 Ending accounts receivable: $6,000 Ending Allowance for

Vide Corporation disclosed the following financial information (in millions) in its Year 2 annual report: Net sales: $80,000 Ending accounts receivable: $6,000 Ending Allowance for doubtful accounts: $600 Calculate the accounts receivable turnover ratio b. Calculate the average collection period (also called Days sales outstanding, Days' sales in inventory, and Average days to collect receivables) Note: Use the result from a. EXACTLY as displayed in the calculation for b

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