Presented here is basic financial information (in millions) from the annual reports of Sandhill and Blue Sandhill Blue Sales $22.000 $12,500 Allowance for doubtful accounts, Jan 1 72.0 115 Allowance for doubtful accounts, Dec. 31 860 117 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross) Dec 31 2.700.0 1.800 3,100.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies (Round answers to 1 decimal place, es. 15.2. Use 365 days for calculation) Sandhill Blue Accounts receivable turnover 7:46 times 9.83 times Average collection period 48.94 days 37 14 days