The following information relates to the activities of Tennessee Corporation and Kentucky Corporation for 1979 .

a Compute the accounts receivable turnover of each company.
b Determine the average number of days that accounts receivable are outstanding for each company.
c Which company is managing its accounts receivable more efficiently?

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Sales on Account, 1979 Accounts Receivable, December 31, 1978 Accounts Receivable, December 31, 1979 Tennessee Kentucky Corp. Corp. $4,050,000 $2,560,000 960,000 500,000 840,000 780,000