< < > Ch 8: Homework WP Ch 8: Homework: Codie-Antoinette Salami Question 13 of 15 < > View Policies assessment.education.wiley.com W NWP Assessment Player UI Application Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Ivanhoe and Concord. Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 Ivanhoe Concord $20,200 $12,800 81.0 113 87.0 119 2,800.0 2,200 3,500.0 1,400 - / 5 E ||| Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Ivanhoe Accounts receivable turnover Average collection period eTextbook and Media Save for Later Concord times days times days Attempts: 0 of 5 used Submit Answer