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b. How do you interpret the change II accounts relative to total accounts receivable computed in part a? . Ralph Lauren reported net sales of $6, 182.3 million in 2018. Compute it's accounts receivable turnover and average collection period. LO4 M6-21. Analyzing Accounts Receivable Changes MBC The comparative balance sheets of Sloan Company reveal that accounts receivable (before deduct ing allowances) increased by $15,000 in 2019. During the same time period, the allowance for uncollectible accounts increased by $2,100. If sales revenue was $120,000 in 2019 and bad debts expense was 2% of sales, how much cash was collected from customers during the year? 05 M6-22. Evaluating Accounts Receivable Turnover for Competitors ABLE MBC The Procter & Gamble Company and Colgate Palmolive Company report the following sales and accounts receivable balances ($ millions): a generally remiklasroom Procter & Gamble Colgate-Palmolive Accounts Fiscal year Accounts Sales Receivable Fiscal year Sales Receivable June 30, 2018. .. . $66,832 $4,686 June 30, 2017 . ... December 31, 2017 . . . . 65,058 $15,454 $1,480 4,594 December 31, 2016 .. . . 15, 195 1,411 a. Compute accounts receivable turnover and average collection period for both companies. givings b. Identify and discuss a potential explanation for the difference between these competitors' ac- betamites mi counts receivable turnover. no alnooos to asriogolpo bogs evorev of 29gsino9109