Below are amounts for two companies: Beginning Ending Accounts Accounts Receivable (net). Receivable (net) $1,600 $1,300 4,000 1,800 Company 1 Company 2 Net Sales $21,000 73,000 1. For each company, calculate the receivables turnover ratio. (Round your answers to 2 decimal places.) Receivables Turnover Ratio times Company 1 Company 2 times 2. Which company appears more efficient in collecting cash from sales? Company 1 Company 2