Key information from Piaggio (www.Piaggio.com), which manufactures two-, three-and four-wheel vehicles, and is Europes leading manufacturer of motorcycles and scooters follows. 1. Compute the accounts

Key information from Piaggio (www.Piaggio.com), which manufactures two-, three-and four-wheel vehicles, and is Europe’s leading manufacturer of motorcycles and scooters follows.

1. Compute the accounts receivable turnover for the current year.
2. How long does it take on average for Piaggio to collect receivables?
3. How does Piaggio compare to Polaris and Arctic Cat in terms of its accounts receivable turnover and its collectionperiod?

Euro in thousands Accounts receivable, ne Sales Current YearPrior Year 65.560 90.421 .. 1516.463 1.485,351 ..7.