Below are amounts for two companies:

Beginning Accounts Receivable $($net$)$ Ending Accounts Receivable $($net$)$ Net Credit Sales

Company $1$ $ $1,700$ $ $1,400$ $ $22,000$

Company $23,7001,90074,000$

Required:

$1.$ For each company, calculate the receivables turnover ratio.

$2.$ Which company appears more efficient in collecting cash from sales?