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Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. $ millions Procter
Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. $ millions Procter & Gamble Colgate-Palmolive 2018 Net sales $66,832 $15,544 2018 Accounts receivable 4,124 1,232 2017 Accounts receivable 4,043 1,302 a. Compute the accounts receivable turnover and DSO for both companies for 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Procter & Gamble Colgate-Palmolive AR turnover 0 x 0 x DSO 0 x 0 x b. Which company collects its accounts receivable more quickly? Procter & Gamble
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