0.52 points E8-16 Analyzing and Interpreting Receivables Tumover Ratio and Days to Co Shiplt Corporation reported the following rounded amounts (in millions) Accounts Receivable S5,195 $ 4,900 Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net Sales (assume all on credit) (185) (190) 4,710 $ 44,500 $43,200 5,010 Required 1. Determine the receivables turnover ratio and days to collect for 2013 (Use 365 days in a year. Do na round your intermediate calculations. Round your answers to 1 decimal place.) Receivables Turnover Ratio times Days to Collect days 2. Do the measures calculated in requirement 1 represent an improvement (or decline) in receivables turnover, compared to 2012 when the turnover was 7 7? Improvement Decline Hints ReferenceseBook & Resources Type here to search 0