Question: Presented here is basic financial information (in millions) from the annual reports of Blossom and Splish. Sales Allowance for doubtful accounts, Jan. 1 Allowance for

 Presented here is basic financial information (in millions) from the annual

Presented here is basic financial information (in millions) from the annual reports of Blossom and Splish. Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 Blossom $25,200 73.0 79.0 2,500.0 2,800.0 Splish $19,000 111 115 2,400 1,500 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 Splish Accounts receivable turnover times times Average collection period days days

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