The table below contains selected financial information included in the 2009 financial statements of Del Monte Foods

The table below contains selected financial information included in the 2009 financial statements of Del Monte Foods Co. and Smithfield Foods Inc.

Required:
1. Calculate the 2009 receivables turnover ratio and average collection period for both companies. Evaluate the management of each company's investment in receivables.
2. Obtain annual reports from three corporations in the same primary industry and compare the management of each company's investment inreceivables.

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(S in millions) Del Monte Smithfield 2009 2008 2009 2008 Balance sheet Accounts receivable, net $189 $277 $595 $738 Income statement Net sales 6273.18012,48811,351