The Second Cup The Second Cup is a Canadian specialty coffee retailer with over 350 cafs that serve the needs of thousands of guests daily. Its annual reports include the following details (in thousands of Canadian dollars): Year 2015 2014 2013 2012 2011 2010 Net sales $37,341 $28,172 $27,188 $26,346 $25,001 $25,171 Accounts receivable 5,168 5,115 5,031 4,839 5,449 5,917 Egg\" for dwbtf' 1,734 1,089 663 223 111 74 Required: 1. Determine the receivables turnover ratio and average collection period for 20112015, and comment on the results. 2. Explain the meaning of the numbers that you calculated in requirement (1.). 3. Compute the ratio of allowance for doubtful accounts to accounts receivable for each of the six years, and comment on the results