eBook Accounts Recelvable Turnover For the Year 2 and Year 1, Montague Inc. reported the following Calculator ? Print Item Year 2 Year 1 Sales Accounts receivable Assume that the accounts receivable were $657,000 at the beginning of Year i Lassiter Company reported the following: $7,342,340 788,400 $7,010,920 773,800 Year 2 Year 1 Sales Accounts receivable Assume that accounts recelvable were $211,700 at the beginning of Year a. Compute the average accounts receivable turnover ratio for Montaque Inc, and Lassiter Company for Year 2 and Year 1. Round to one decimal $1,824.270 $1,971,000 175,200 182,500 place Montague Inc. Lassiter Company: y or Montague Inc. have the higher average accounts receivable turnover ratio? Lassiter Company Montague Inc Neither, they are equal