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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): Annual

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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): Annual Sales Accounts Receivable Jan. 1 $6,540 Accounts Receivable Dec. 31 $86,020 $8,420 Vintage Furniture Victoria Foodland 42.294 1.240 1.940 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, es 18.4) Vintage Furniture Victoria Foodland times times Accounts receivable turnover Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, eg. 18.4) Vintage Furniture Victoria Foodland days days Days to Collect e Textbook 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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