Calculate the receivable turnover ratio, Cost Accounting

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Presented here is the basic financial information from the 2009 annual reports of Intel and Advanced Micro Devces (AMD), the two primary manufacturers of silicon chips for personal computers.

(in millions)	Intel	AMD
Sales	$35,127	$5,403
Allowance for doubtful accounts, Jan 1	17	8
Allowance for doubtful accounts, Dec 31	19	7
Accounts receivable balance (gross), Jan 1	1,729	328
Accounts receivable balance (gross) Jan 31	2,292	752

Instructions

Calculate the receivable turnover ratio and average collection period for both companies.

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