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Question 17 2.5 pts Let's say company A has an accounts receivable turnover ratio of 10, Company B's is 15 and Company C's is 20.

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Question 17 2.5 pts Let's say company A has an accounts receivable turnover ratio of 10, Company B's is 15 and Company C's is 20. Which company collects their cash from sales the fastest? Company A Can not tell from given information o O Company B Question 18 2.5 pts You have the following information for the year. Purchases - $50,000, Purchase returns and allowances = $3,000, Purchase discounts = $2,000, Shipping/Transportation costs - $1,000. What is the amount of Net Purchases? $44.000 O $46,000 $56.000 $50,000

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