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The financial data for Oriole Foods Inc. and Pharoah Enterprises Ltd. for the current year are as follows (amounts in thousands): Oriole Foods Pharoah Enterprises
The financial data for Oriole Foods Inc. and Pharoah Enterprises Ltd. for the current year are as follows (amounts in thousands): Oriole Foods Pharoah Enterprises (a) Annual Sales $66,070 31,820 Accounts Receivable Jan. 1 $5,750 Accounts receivable turnover 1,930 Oriole Foods Accounts Receivable Dec. 31 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 $8,450 2,210 Pharoah Enterprises times
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