Question: Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), The two primary manufacturers of silicon chips

Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), The two primary manufacturers of silicon chips for personal computers. In millions Intel AMD Sales $35,127 $5,403 allowance for doubtful accounts, Jan 1 17 8 allowance for doubtful accounts, Dec. 31 19 7 allowance for doubtful accounts,(gross),Jan.1- $1,729 328 allowance for doubtful accounts,(gross)Dec. 31- $2,292 752 Instructions: calculate the receivables turnover ratio and average collection period for both compannies. comment on the difference in their collection experiences

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