Question: Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Pharoah and Wildhorse. Wildhorse $13.200 Sales Allowance for

 Current Attempt in Progress Presented here is basic financial information (in

Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Pharoah and Wildhorse. Wildhorse $13.200 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 Pharoah $23.100 71.0 85.0 2,600.0 3.400.0 2.100 1.400 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.) Pharoah Wildhorse Accounts receivable turnover Average collection period days day's e Textbook and Media

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