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The table below contains data for two companies in a competitive industry. (000 $) Company A Company B Revenues (sales) 126336 128960 cost of goods
| The table below contains data for two companies in a competitive industry. | ||||||
| (000 $) | Company A | Company B | ||||
| Revenues (sales) | 126336 | 128960 | ||||
| cost of goods sold | 43409 | 51447 | ||||
| Average inventory | 7356 | 8727 | ||||
| will average | 5551 | 7318 | ||||
| Average payable | 7054 | 8663 | ||||
Calculate turnover ratios and evaluate the relative performance (operating efficiency) of both companies.
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
