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In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 90593 117120 Cost of Goods Sold
| In the table below is data for two companies in a competitive industry. | ||||||
| ($000) | Company A | Company B | ||||
| Revenues(sales) | 90593 | 117120 | ||||
| Cost of Goods Sold | 42031 | 50907 | ||||
| Average inventory | 7346 | 8723 | ||||
| Average receivable | 5550 | 7318 | ||||
| Average payable | 7054 | 8663 | ||||
| Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies. | ||||||
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Financial Planning & Analysis And Performance Management
Authors: Jack Alexander
1st Edition
1119491487, 9781119491484
