Presented here is basic financial information from the 2006 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.

Instructions
Calculate the receivables turnover ratio and average collection period for both companies.
Comment on the difference in their collectionexperiences.

(in millions) Intel AMD $35,382 $5,649 Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 64 32 3,978 2,741 13 13 818 1,153