The table below contains selected financial information included in the 2016 financial statements of Tyson Foods Inc. and Pilgrim’s Pride Corp.

Required:
1. Calculate the 2019 receivables turnover ratio and average collection period for both companies. Evaluate the management of each company’s investment in receivables.
2. Obtain annual reports from three corporations in the same primary industry and compare the management of each company’s investment in receivables. You can obtain copies of annual reports from your library, from the investor relations department of the corporations, or from EDGAR (Electronic Data Gathering, Analysis, and Retrieval) on the Internet (www.sec.gov).

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Balance Sheets: Accounts receivable, net Income statements: Net sales Tyson 2019 $ 2,173 $42,405 2018 $ 1,723 $40,052 Pilgrim's Pride 2019 $ 741 $11,409 2018 $ 562 $10,938