Accounts Receivable Turnover and Receivable Collection Period

(Learning Objective 7) 5–10 min.

Marina Oceana Panacea Company Name

$180,000

$400,000

$ 75,000

$ 5,000

$52,000

$ 5,400

$30,000

$42,000

$ 5,800 Beginning Net Receivables Ending Net Receivables Net Credit Sales Which company is doing the best job of managing its accounts receivable? Why? Be sure to support your answer with computations.

AppendixLO1