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Question #4 ( 5 Marks) Tecom had net sales of $315,000 and average accounts receivable of $75,600. Its competitor, ZCom, had net sales of $299,000
Question #4 ( 5 Marks) Tecom had net sales of $315,000 and average accounts receivable of $75,600. Its competitor, ZCom, had net sales of $299,000 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? Your answer must include the following items : A- Explain The indication of these ratios and if its increase or decrease is better. B-Get another ratio to evaluate the management of Accounts receivable and explain it. (If available )
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