- - Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances ($ millions) for 2015 and 2014. - - - - - - - - - - Procter & Gamble Colgate-Palmolive - - - - - Accounts Receivable - $ millions Sales - Accounts Receivable $1,427 1,552 - Sales $76,279 80,510 - 2015 2014 - $4,861 6,386 $16,034 17,277 - - - - - - - - - - - - ia. Compute the accounts receivable turnover and DSO for both companies for 2015. b. Identify and discuss a potential explanation for the difference between these competitors' accounts receivable ratios