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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.
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