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Please complete part A & B Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and
Please complete part A & B
Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances. S millions Procter & Gamble Colgate-Palmolive 2018 Net sales 566,832 $15.544 2018 Accounts receivable 4,452 1,330 2017 Accounts receivable 4364 1.406 a. Compute the accounts receivable turnover and DSO for both companies for 2018 Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). Procter & Gamble Colgate-Palmolive AR tumover OSO b. Which company collects its accounts receivable more quickly? : Check
Please complete part A & B
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