Question: Presented here is basic financial information (in millions) from the annual reports of Blossom and Sunland. Blossom Sunland Sales $20,700 $14,000 Allowance for doubtful accounts,
Presented here is basic financial information (in millions) from the annual reports of Blossom and Sunland.
| Blossom | Sunland | ||||
|---|---|---|---|---|---|
| Sales | $20,700 | $14,000 | |||
| Allowance for doubtful accounts, Jan. 1 | 79.0 | 112 | |||
| Allowance for doubtful accounts, Dec. 31 | 79.0 | 112 | |||
| Accounts receivable balance (gross), Jan. 1 | 2,500.0 | 2,100 | |||
| Accounts receivable balance (gross), Dec. 31 | 2,900.0 | 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.)

Presented here is basic financial information (in millions) from the annual reports of Blossom and Sunland. Blossom Sunland Sales $20,700 $14,000 Allowance for doubtful accounts, Jan. 1 79.0 112 Allowance for doubtful accounts, Dec. 31 79.0 112 Accounts receivable balance (gross), Jan. 1 2,500.0 2,100 Accounts receivable balance (gross), Dec. 31 2.900.0 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 Sunland Accounts receivable turnover times times Average collection period days days
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