ASAP!! Suppose the amounts presented here are basic financial information from the 2014 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.

Accounts receivable Turnover Average Collection Period In millions Intel AMD Intel Intel Sales Revenue $35,127 $5,403 AMD AMD Allowance for doubtful accounts, Jan. 1 17 8 Allowance for doubtful accounts, Dec. 31 19 7 Accounts receivable balance (gross), Jan. 1 1,729 328 Accounts receivable balance (gross), Dec. 31 2,292 752 Instructions: Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences.

Suppose the amounts presented here are basic financial information from the 2014 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.

Accounts receivable Turnover

Average Collection Period

In millions

Intel

AMD

Intel

Intel

Sales Revenue

$35,127

$5,403

AMD

AMD

Allowance for doubtful accounts, Jan. 1

17

8

Allowance for doubtful accounts, Dec. 31

19

7

Accounts receivable balance (gross), Jan. 1

1,729

328

Accounts receivable balance (gross), Dec. 31

2,292

752

Instructions:

Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences.