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Question 11 of 12 075 iii View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Presented here is basic financial information (in millions) from the annual reports of Blossom and Nash. Blossom Nash Sales $18,000 $10,000 Allowance for doubtful accounts, Jan. 1 72.0 110 Allowance for doubtful accounts, Dec. 31 78.0 110 Accounts receivable balance (gross), Jan. 1 2,500.0 1,500 Accounts receivable balance (gross), Dec. 31 2,800.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Blossom Nash Accounts receivable turnover 6.6 times 6.6 times Average collection period 55.3 days 55.3 days e Textbook and Media Save for Later Attempts: 1 of 5 used Submit