The following are summary financial data for Parker Enterprises, Inc., and Boulder, Inc., for three recent years:

\begin{tabular}{|c|c|c|c|}

\hline & Year 3 & Year 2 & Year 1 \\

\hline \multicolumn{4}{|l|}{ Net sales (in millions): } \\

\hline Parker Enterprises, Inc. . . . & $\$ 3,700$ & $\$ 3,875$ & $\$ 3,882$ \\

\hline Boulder, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . & 17,825 & 16,549 & 15,242 \\

\hline \multicolumn{4}{|l|}{ Net accounts receivable (in millions): } \\

\hline Parker Enterprises, Inc.. . . . . . . . . & 1,400 & 1,800 & 1,725 \\

\hline Boulder, Inc.. . . . . . . & 5,525 & 5,800 & 6,205 \\

\hline

\end{tabular}

1. Using the above data, compute the accounts receivable turnover and average collection period for each company for years 2 and 3 .

2. Which company appears to have the better credit management policy?