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2 Below are amounts for two companies Beginning Accounts Receivable (net) $2,100 3,200 Ending Accounts Receivable (net) $1,800 2,300 Net Sales Company 1 Company 2

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2 Below are amounts for two companies Beginning Accounts Receivable (net) $2,100 3,200 Ending Accounts Receivable (net) $1,800 2,300 Net Sales Company 1 Company 2 $21,000 76,eee 00:50:42 1. For each company, calculate the receivables turnover ratio. (Round your answers to 2 decimal places.) Receivables Turnover Ratio Company 1 times Company 2 times 2. Which company appears more efficient in collecting cash from sales? Company 1 Comnany 2 of 40 Next>

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