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David Company had assets of $13,500,000, profit of $3,900,000, and net sales of $167,155,000. Its profit margin was 3.2%. * True False Compaq's accounts receivable

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David Company had assets of $13,500,000, profit of $3,900,000, and net sales of $167,155,000. Its profit margin was 3.2%. * True False Compaq's accounts receivable turnover rate was 5.7 for this year and 5.4 for last year. Dell's turnover rate was 6.8 for this year and 7 for last year. This means that O Dell has the better turnover rate for both years. O Compaq has the better turnover rate for both years. O Dell's turnover rate is improving. o O Compaq's turnover rate is improving. o o Dell has the better turnover rate for both years and Compaq's turnover rate is improving

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