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Analyzing Accounts Receivable Following are the average accounts receivable and net sales reported recently by two large retailing companies Average Accounts Sales $ 54,000 90,000
Analyzing Accounts Receivable Following are the average accounts receivable and net sales reported recently by two large retailing companies Average Accounts Sales $ 54,000 90,000 Receivable $1,500 3,000 Wellcome Parknshop a. compute the accounts receivable turnover rate for each company b. compute the average number of days that taken for each company to collect its accounts receivable c. which company's accounts receivable appear to be more liquid. If you are a supplier, to which company you would like to sell your product
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