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Compute the receivables turnover ratio and the average

Microsoft Corporation reported the following information in its financial statements for three successive quarters during the 2009 fiscal year ($ in millions):

1661_254-B-A-C-R (1608).png

Required:

Compute the receivables turnover ratio and the average collection period for the second and third quarters. Assume that each quarter consists of 91 days.

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Accounting Basics: Compute the receivables turnover ratio and the average

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