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Using the Days' Sales in Receivable, which company is collecting its receivables faster? (Round your answer to two decimal places.) Cash Short-term investments Net accounts
Using the Days' Sales in Receivable, which company is collecting its receivables faster? (Round your answer to two decimal places.) Cash Short-term investments Net accounts receivables beginning Net accounts receivable ending Net credit sales Total current liabilities Company A $12,400 18,000 8,800 5,000 186,000 787,000 Company B $11,700 12,000 1,800 12,000 12,400 610,000 ..... A. 4 days faster for Company A B. 2 days faster for Company B O C. 4 days faster for Company B OD. 2 days faster for Company A
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