Question: Problems 6 - 5 Interpreting accounts receivable turnover ( LO 6 - 7 ) Packaging Corporation of America produces containerboard and white papers. WestRock Co

Problems 6-5 Interpreting accounts receivable turnover (LO6-7)
Packaging Corporation of America produces containerboard and white papers. WestRock Co. manufactures paper products and corrugated products. Financial statement data for these two companies follow:
Packaging Corporation of America($ in millions of dollars)2015201620172018Sales$5,779.0$6,444.9$7,014.6Accounts receivable at December 31$636.5689.2830.7901.9
WestRock Co.($ in millions of dollars)2015201620172018Sales$14,171.8$14,859.7$16,285.1Accounts receivable at December 31$1,575.41,592.21,886.82,010.7
Source:Computed from amounts in the Packaging Corporation of America and WestRock Co. Form 10-Ks for 20142018. In 2015 and 2016, WestRock was known as WRKCo., Inc.
Required:
Determine the receivables turnover ratios for both companies for 2016,2017, and 2018.(Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)
Which company collected its accounts receivable more quickly in 2018?

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