Company Abel has total sales of $364,500, of which, $60,500 represent cash sales. Its annual average accounts
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Company Abel has total sales of $364,500, of which, $60,500 represent cash sales. Its annual average accounts receivable balance is $74,400. Company Baker has total sales of $367,450, of which, $63,475 represent cash sales. Its annual average accounts receivable balance is $54,500. Which company has the favorable accounts receivable turnover experience?
Select one:
a.Abel
b.Baker
Explain why.
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