Carti - R. Google CA MLA Formatting a... https://web.archiv... 8 Homework Saved Help Save & Exit Submit Check my work E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] Shipit Corporation reported the following rounded amounts (in millions): Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Net Sales (assume all on credit) 2016 $ 5,475 (325) $ 5,150 $41,500 2015 $ 5,180 _ (330) $4,850 $40,000 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.) Receivables Turnover Ratio Days to Collect times days 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2015 when the turnover was 9.6?