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Below are amounts for two companies: 1. For each company, calculate the accounts receivable average collection period. (Assume 365 days in a year. Round your

Below are amounts for two companies:

1. For each company, calculate the accounts receivable average collection period. (Assume 365 days in a year. Round your final answers to whole days.)image text in transcribed
Below are amounts for two companies Ending Accounts Beginning Accounts Receivable (net) $2,300 3,200 Net Receivable (net)Sales Company 1 Company 2 $2,000 2,500 $23,000 75,000 1. For each company, calculate the accounts receivable average collection period. (Assume 365 days in a year. Round your final answers to whole days.) Accounts Receivable Average Collection Period Company 1 Company 2 2.Which company appears more efficient in collecting cash from sales? Company 1 O Company 2

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