Annual reports of Kelloggs and Quaker Oats reveal the following for a recent year (amounts in millions):

Annual reports of Kellogg’s and Quaker Oats reveal the following for a recent year (amounts in millions):

Required
A. Compute the accounts receivable turnover for each company.
B. Compute the average number of days that accounts receivable are outstanding for each company.
C. Which of these two companies is managing its accounts receivable moreefficiently?

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Kellogg's Quaker Oats $3,793 219 275 $3,671 505 537 ales Accounts receivable, January 1 Accounts receivable, December 31