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P3. ACE Co. had net sales of $310,000 and average accounts receivable of $75,600. Its competitor, DOT Inc, had net sales of $270,000 and average
P3. ACE Co. had net sales of $310,000 and average accounts receivable of $75,600. Its competitor, DOT Inc, had net sales of $270,000 and average accounts receivables of $81,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables AND why? You must show how you calculated the ratios and answer the question to receive credit. (1 point)
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