Presented here is basic financial information (in millions) from the annual reports of Ivanhoe and Concord. Ivanhoe Concord Sales $20,200 $12,800 Allowance for doubtful accounts, Jan. 1 81.0 113 Allowance for doubtful accounts, Dec. 31 87.0 119 Accounts receivable balance (gross), Jan. 1 2,800.0 2,200 Accounts receivable balance (gross), Dec. 31 3,500.0 1,400 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.) Ivanhoe Concord Accounts receivable turnover times times Average collection period days days e Textbook and Media Save for Later Attempts: 0 of 5 used Submit