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Below are amounts for two companies: Beginning Accounts Receivable (net) $2,100 3 3,000 Ending Accounts Receivable (net) $1,800 2,300 Company 1 Company 2 Net Sales
Below are amounts for two companies: Beginning Accounts Receivable (net) $2,100 3 3,000 Ending Accounts Receivable (net) $1,800 2,300 Company 1 Company 2 Net Sales $24,000 77,000 1. For each company, calculate the receivables turnover ratio. (Round your ansv Receivables Turnover Ratio times Company 1 Company 2 times 2. Which company appears more efficient in collecting cash from sales? O Company 1 O Company 2
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