(FINANCIAL MANAGEMENT QUESTION)

In the table below is data for two companies in a competitive industry.
($000)	Company A	Company B
Revenues(sales)	70500	80000
Cost of Goods Sold	38540	45570
Average inventory	7050	8300
Average receivable	5510	7255
Average payable	7015	8600
Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies.

Question 1 In the table below is data for two companies in a competitive industry. (5000) Company A Company B Revenues(sales) 70500 80000 Cost of Goods Sold 38540 45570 Average inventory 7050 8300 Average receivable 5510 7255 Average payable 7015 8600 Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies