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(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands):
(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands): Annual Sales Accounts Receivable Jan. 1 Accounts Receivable Dec. 31 Vintage Furniture $84,840 $7,120 $9,040 Victoria Foodland 41,952 1,140 1,900 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) Vintage Furniture Victoria Foodland times times Accounts receivable turnover eTextbook and Media Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.g. 18.4.) Vintage Furniture Victoria Foodland days days Days to Collect eTextbook and Media Which company appears to be more efficient at handling its accounts receivable? appears to be more efficient at handling its accounts receivable.
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