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Calculate receivables turnover ratio and average collection

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Reference no: EM13533064

Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (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), Dec. 31

2,292

752

Instructions

Calculate the receivables turnover ratio and average collection period for both companies. Comment on the difference in their collection experiences.

Reference no: EM13533064

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