Presented here is selected information (in millions) from the 2010 financial statements of Rogers Communications Inc. and Shaw Communications Inc.:

Instructions
(a) Calculate the receivables turnover and average collection period for both companies, assuming all sales are credit sales. The industry average for the receivables turnover was 14.1 times and the average collection period was 26 days.
(b) Comment on the difference in the companies' collection experiences.

Net sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable (gross), Jan. 1 Accounts receivable (gross), Dec. 31 Rogers $12,186 157 138 1,467 1,618 Shaw $3,718 17 19 166 212