Presented here are the average days to collect accounts receivable for four companies in different industries. The

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Presented here are the average days to collect accounts receivable for four companies in different industries. The data are for 2016.

Average Days to Collect Accounts Receivable Company Boelng (aircraft manufacturer) Colgate-Palmolive Company (consumer p


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Write a brief memorandum that provides possible answers to each of the following questions:
a. Why would a company that manufactures and sells airplanes (Boeing) and a company that manufactures and sells automobiles (General Motors) collect their accounts receivables in such relatively short times?
b. Why would a company that sells furniture (Ethan Allen) collect its receivables so much quicker than a company that sells toothpaste and soap (Colgate-Palmolive)?

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