Question: Question 2 --/2.5 View Policies Current Attempt in Progress The following information is available from the annual reports of Sheridan Company and Skysong, Inc. Companies.

Question 2 --/2.5 View Policies Current Attempt in Progress The following information is available from the annual reports of Sheridan Company and Skysong, Inc. Companies. (In millions) Sheridan Company Skysong, Inc. Sales $127,000 $43,300 Beginning receivables, net 24,900 3,300 Ending receivables, net 16,500 4,100 Based on the preceding information, compute the following for each company: (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 1. Accounts receivable turnover. (Assume all sales were credit sales.) 2. Average collection period. Sheridan Company Skysong, Inc. 1. Accounts receivable turnover times times 2. Average collection period days days
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