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

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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