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Could you please research and explain what the optimal accounts receivable turnover ratio are for these industries? Are they good or bad for the companies?
Could you please research and explain what the optimal accounts receivable turnover ratio are for these industries? Are they good or bad for the companies? Be specific in providing your explanation with examples.
Could you please research and explain what the optimal accounts receivable turnover ratio are for these industries? Are they good or bad for the companies? Be specific in providing your explanation with examples. (t) Reply Coca-Cola: Net Credit Sales: $33,014 Beginning Accounts Receivable: $3,971 Ending Accounts Receivable: $3,144 Average Accounts Receivable: $7,115 (Beginning Accounts Receivable + Ending Accounts Receivable) / 2 Accounts Receivable Turnover Ratio: 9.28(33,014/[(3,144+3,971)/2]) Walmart: Net Credit Sales: $519,926 Beginning Accounts Receivable: $6,283 Ending Accounts Receivable: $6,284 Average Accounts Receivable: \$6,283.50 (Beginning Accounts Receivable + Ending Accounts Receivable) /2 Accounts Receivable Turnover Ratio: 82.74(519,926/[(6,283+6,284)/2])Step by Step Solution
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