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Saved Below are amounts for two companies: Beginning Ending Accounts Accounts Receivable (net) Receivable (net) $2,300 $2,000 3,600 2,500 Company 1 Company 2 Net Sales

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Saved Below are amounts for two companies: Beginning Ending Accounts Accounts Receivable (net) Receivable (net) $2,300 $2,000 3,600 2,500 Company 1 Company 2 Net Sales $23,000 77,000 1. For each company, calculate the receivables turnover ratio. (Round your answers to 2 decimal p Company 1 Company 2 Receivables Turnover Ratio times times 2. Which company appears more efficient in collecting cash from sales? O Company 1 Company 2

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