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(10 points) 2. A company reported the following data: Net credit sales Ending Acct's rec'ble Year 347,600 34,000 Year 2 379,650 38,000 Year 3 443,900

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(10 points) 2. A company reported the following data: Net credit sales Ending Acct's rec'ble Year 347,600 34,000 Year 2 379,650 38,000 Year 3 443,900 41,000 Required: 1. Calculate the company's Receivable tunover for year's 2 and 3. Comment on the company's efficiency in managingits receivables. (Note: Industry trends are approx.. 12x)

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