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Below are amounts for two companies: Beginning Ending Accounts Accounts Receivable (net) Receivable (net) $2,400 $2,100 3,700 2,600 Company 1 Company 2 Net Sales $25,000

Below are amounts for two companies: Beginning Ending Accounts Accounts Receivable (net) Receivable (net) $2,400 $2,100 3,700 2,600 Company 1 Company 2 Net Sales $25,000 73,000 1. For each company, calculate the receivables turnover ratio. (Round your answers to 2 decimal

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