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Question 3 In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 90593 117120 Cost of

Question 3 In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 90593 117120 Cost of Goods Sold 42031 50907 Average inventory 7346 8723 Average receivable 5550 7318 Average payable 7054 8663 Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies. Your answer: Font Size B U X, X

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