Question: Presented here is basic financial information (in millions) from the annual reports of Oriole and Sheffield. Sales Allowance for doubtful accounts, Jan. 1 Allowance for

 Presented here is basic financial information (in millions) from the annual

Presented here is basic financial information (in millions) from the annual reports of Oriole and Sheffield. 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 Oriole $22,200 87.0 81.0 2,500.0 2,900.0 Sheffield $16,300 113 117 2,400 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.) Oriole Sheffield Accounts receivable turnover times times Average collection period days days e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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