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The financial data for Crane Foods Inc. and Cullumber Enterprises Ltd. for the current year are as follows (amounts in thousands): Crane Foods Cullumber Enterprises
The financial data for Crane Foods Inc. and Cullumber Enterprises Ltd. for the current year are as follows (amounts in thousands): Crane Foods Cullumber Enterprises (a) Annual Sales $55,000 27,810 Your answer is incorrect. Accounts receivable turnover Accounts Receivable Jan. 1 $5,920 1,720 Accounts Receivable Dec. 31 Crane Foods $8,370 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) times 2,200 Cullumber Enterprises 2 times
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