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1. At the end of the fiscal year, Big Box Depot had account receivables of $1.89 billion on net sales of $8.5 billion. At the
1. At the end of the fiscal year, Big Box Depot had account receivables of $1.89 billion on net sales of $8.5 billion. At the same point in time, Lumber Jack Inc. had accounts receivable of $6.3 billion on net sales of $9.2 billion. Each company had cash on hand of $600,000 a. Calculate the accounts receivable turnover and days' sales outstanding (DSO) for each company b. Based solely on these metrics, which company reported stronger financial metrics. Explain
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