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In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 136488 149360 Cost of Goods Sold
| In the table below is data for two companies in a competitive industry. | ||||||
| ($000) | Company A | Company B | ||||
| Revenues(sales) | 136488 | 149360 | ||||
| Cost of Goods Sold | 43800 | 52376 | ||||
| Average inventory | 7359 | 8735 | ||||
| Average receivable | 5551 | 7318 | ||||
| Average payable | 7054 | 8663 | ||||
| Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies. | ||||||
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Finance Fundamentals For Nonprofits
Authors: Woods Bowman
1st Edition
1118004515, 9781118004517
