Presented here is basic financial information (in millions) from the annual reports of Ivanhoe and Tamarisk. 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 Accounts receivable turnover Average collection period Ivanhoe Ivanhoe $23,300 79.0 85.0

2,800.0 3,000.0 Tamarisk $15,200 112 114 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 calculati

on.) 2,400 1,400 times days Tamarisk times days

Presented here is basic financial information (in millions) from the annual reports of Ivanhoe and Tamarisk. 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.)