Question: Road Runner Express reported the following rounded amounts ( in millions ) : 2 0 2 2 2 0 2 1 Accounts Receivable$ 5 ,

Road Runner Express reported the following rounded amounts (in millions): 20222021Accounts Receivable$ 5,335$ 5,040Allowance for Doubtful Accounts(255)(260)Accounts Receivable, Net of Allowance$ 5,080$ 4,780Net Sales (assume all on credit)$ 48,500$ 46,700 Required: Determine the receivables turnover ratio and days to collect for 2022. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2021, when the turnover was 10.8? Road Runner Express reported the following rounded amounts (in millions):
Required:
1. Determine the receivables turnover ratio and days to collect for 2022.
2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2021, when the turnover was 10.8?
Complete this question by entering your answers in the tabs below.
Determine the receivables turnover ratio and days to collect for 2022.
Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.
Road Runner Express reported the following

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