Using the most current annual reports or the Forms 10-K for Maytag Company and for Papa John’s International, Inc., complete the requirements below. To obtain the Forms 10-K use either the EDGAR system following the instructions or the companies’ websites. The annual reports can be found on the companies’ websites.

Required:

a. What was Maytag’s average days to collect accounts receivable? Show your computations.

b. What percentage of accounts receivable did Maytag estimate wrould not be collected?

c. What was Papa John’s average days to collect accounts receivable? Show your computations.

d. What percentage of accounts receivable did Papa John’s estimate would not be collected?

e. Briefly explain why Maytag would take longer than Papa John’s to collect its accounts receivable.