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In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 132470 93440 Cost of Goods Sold
In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 132470 93440 Cost of Goods Sold 43645 49828 Average inventory 7358 8714 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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