Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. $ millions 2018 Net sales 2018 Accounts receivable 2017 Accounts receivable Procter & Gamble Colgate-Palmolive $66,832 4,171 4,089 $15,544 1,246 1,317 a. Compute the accounts receivable turnover and DSO for both companies for 2018. Note: Do not round until your final answer, Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Procter & Gamble Colgate-Palmolive AR turnover DSO 14.55 x 25.09 x 23.6 x 31.4 x b. Which company collects its accounts receivable more quickly? Procter & Gamble