Chapter 8 Homework Help Save & Exit Submit 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) $ 5.195 1105) $5.010 544,500 2015 $ 4.900 190) 54.710 $43,200 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.) times Receivables Turnover Ratio Days to Collect 2. Do the measures calculated in requirement represent an improvement for deterioration in receivables turnover compared to 2015 when the turnover was 1067 Improvement Decine