Below are amounts for two companies: Beginning Accounts Receivable (net) Ending Accounts Receivable (net) Company 1 Company 2 $ 2,500 3,000 $ 2,200 2,700 Net Credit Sales $ 27,000 77,000 Required: 1. For each company, calculate the receivables turnover ratio. 2. Which company appears more efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each company, calculate the receivables turnover ratio. Note: Round your answers to 2 decimal places. Receivables Turnover Ratio Company 1 Company 2 times times