Exercise 8-12 Your answer is partially correct. Try again. The following information in U.S. $ millions) was taken from the December 31 financial statements of Potash Corporation of Saskatchewan Inc.: 2015 2013 2014 $715 $475 $507 7 7 7 Trade accounts receivable, gross Allowance for doubtful accounts Trade accounts receivable, net Revenues Total current assets Total current liabilities 468 708 500 6,2797,115 7,305 1,553 1,938 2,189 1,747 2,198 2,113 (a) For 2015 and 2014, calculate Potash's current ratio, receivables turnover, and average collection period. (Round current ratio and receivables turnover to 1 decimal place, e.g. 5.2. Round average collection period to nearest whole day, e.g. 15.) 2015 2014 0.881:1 Current ratio 0.88 : 1 X times Receivables turnover 10.67 times Average collection period 34.20 days 31.01 days