Calculate turnover ratios and evaluate relative performance

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Question - In the table below is 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

Average receivable 5551 7318

Average payable 7054 8663

Required - Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies.

Reference no: EM132759956

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