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Need help fast (Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts
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(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands): Accounts Receivable Jan. 1. Accounts Receivable Dec. 31 Annual Sales Vintage Furniture $84,958 $6,360 $9,520 Victoria Foodland 42,032 1.220 1.620 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) Vintage Furniture Victoria Foodland times times Accounts receivable turnover eTextbook and Media Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.g. 18.4.) Vintage Furniture Victoria Foodland days days Days to Collect e Textbook and Media Which company appears to be more efficient at handling its accounts receivable? appears to be more efficient at handling its accounts receivable Step by Step Solution
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