The following information (in U.S. $ millions) was taken from the December 31 financial statements of Potash Corporation of Saskatchewan Inc.:

Instructions
(a) For 2015 and 2014, calculate Potash's current ratio, receivables turnover, and average collection period.
(b) Comment on any improvement or deterioration in Potash's management of its accounts receivable.

Transcribed Image Text:

2015 20142013 Trade accounts receivable, gross $ 475 $ 715 $ 507 4 Trade accounts receivable, net 468 708 500 6,279 7,115 7,305 1,553 1,938 2,189 1,747 2,198 2,113 Allowance for doubtful accou Revenues Total current assets Total current liabilities