Key comparative figures ($ thousands) for both Krispy Kreme and Tastykake follow:

Required 1. Compute the accounts receivable turnover for both Krispy Kreme and Tastykake for each of the two most recent years using the data shown.
2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables.
3. Which company is more efficient in collecting its accounts receivable?
4. Which company estimates a higher percent of uncollectible accounts receivable?

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Key Figures Allowance for doubtful accounts.. Accounts receivable, net Net sales Krispy Kreme Tastykake Current Year One-Year Two-Years Current Prior Prior Year One-Year Two-Years Prior Prior $ 1,453 $ 1,182 $ 1,302 $ 3,606 $ 3,752 $ 3,329 34,373 ++ 26,894 19,855 20,882 22,233 20,772 491,549 394,354 300,715 162,263 166.245 162,877