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Question 5 The companies below reported the following information: Sward Co. Gerlash Co. Total Sales 185,000 280,000 Cash Sales 15,000 50,000 Accounts Receivable, beginning 47,500

Question 5 The companies below reported the following information: Sward Co. Gerlash Co. Total Sales 185,000 280,000 Cash Sales 15,000 50,000 Accounts Receivable, beginning 47,500 75,000 Accounts Receivable, end 52,250 70,000

Instructions: (1) Calculate the Receivable Turnover Ratio for each company (2) Determine the Number of Days in Receivable (3) Which company is more efficient in collecting its receivables?

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