E$8-16($Algo$)$ Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect $[$LO $8-4]$ E$8-16($Algo$)$ Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect $[$LO $8-4]$

Carter & Evans reported the following rounded amounts $($in millions$)$:

Required:

Determine the receivables turnover ratio and days to collect for $2019.$

Do the measures calculated in requirement $1$ represent an improvement $($or deterioration$)$ in receivables turnover, compared to

$2018,$ when the turnover was $9\mathrm{.}5?$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Do the measures calculated in requirement $1$ represent an improvement $($or deterioration$)$ in receivables turnover, compared

to $2018,$ when the turnover was $9\mathrm{.}5?$

Improvement

Deterioration

Carter & Evans reported the following rounded amounts $($in millions$)$:

Required:

Determine the receivables turnover ratio and days to collect for $2019.$

Do the measures calculated in requirement $1$ represent an improvement $($or deterioration$)$ in receivables turnover, compared to

$2018,$ when the turnover was $9\mathrm{.}5?$

Complete this question by entering your answers in the tabs below.

Required $1$

Determine the receivables turnover ratio and days to collect for $2019.($Use $365$ days in a year. Do not round intermediate

calculations. Round your final answers to $1$ decimal place.$)$