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.
Allowance for doubtful accounts, Jan 1
Allowance for doubtful accounts, Dec 31
Accounts receivable balance (gross), Jan 1
Accounts receivable balance (gross) Jan 31
Calculate the receivable turnover ratio and average collection period for both companies.