Solution-Which company is doing a better job of managing

Which company is doing a better job of managing its accounts

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Problem

ACE co. had net sales of 310,000 and average accounts receivable of 75,600. Its competitor, DOT inc , had net sales of 290,000 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 AND why? you must show how you calculated the ratios and answer the question to receive credit.

Reference no: EM131797233

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Which company is doing a better job of managing its accounts

Reference no: EM131797233

Reference no: EM131797233

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