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Calculate the accounts receivable turnover

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Question - Presented here is basic financial information (in millions) from the annual reports of Sandhill and Blue.

 

Sandhill

Blue

Sales

$22,000

$12,500

Allowance for doubtful accounts, Jan. 1

72.0

115

Allowance for doubtful accounts, Dec. 31

86.0

117

Accounts receivable balance (gross), Jan. 1

2,700.0

1,800

Accounts receivable balance (gross), Dec. 31

3,100.0

1,400

Required - Calculate the accounts receivable turnover and average collection period for both companies.

Reference no: EM133129587

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