9 E8-16 Analyzing and interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4) Shipit Corporation reported the following rounded amounts (in millions): 11.12 points Accounts Receivable Allowance for Doubtful Accounta Accounts Receivable, Net of Allowance Net Sales (assume all on credit) 2016 $ 5,355 (265) $ 5,090 $49,000 2015 $ 5,060 (270) $4,790 $47,200 eBook Hint Required: 1. Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Print References Receivables Tumover Ratio Days to Collect times days 2. Do the measures calculated in requirement 1 represent an improvement for deterioration) in receivables turnover, compared to when the turnover was 11.2? Improvement Decline