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

__________________________________________________________Rogers _______________Shaw

Net sales ............................................................................... $12,486........................ $4,998

Allowance for doubtful accounts, beginning of year ...............119 .......................       29

Allowance for doubtful accounts, end of year ......................129 ..........................        28

Accounts receivable (gross), beginning of year .................. 1,693 .......................        472

Accounts receivable (gross), end of year .............................1,665 .....................           461

Instructions

(a) Calculate the receivables turnover and average collection period for both companies. The industry average for the receivables turnover was 7.5 times and the average collection period was 49 days.

(b) Comment on the difference in the companies' collection experiences, and that of their industry counterparts.