Essay
TechCom had net sales of $315,000 and average accounts receivable of $75,600.Its competitor,ZCom,had net sales of $299,000 and average accounts receivable of $81,350.Calculate the accounts receivable turnover for both companies.Which company is doing a better job of managing its accounts receivable?
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TechCom = 4.2,ZCom = 3.7.TechC...View Answer
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