Why would a company that sells expensive jewelry

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Presented here are the average days to collect accounts receivable for four companies in different industries. The data are for 2010.

Required: 

Write a brief memorandum that provides possible answers to each of the following questions:

a. Why would a company that manufactures and sells airplanes (Boeing) and a company that manufacturers and sells automobiles (Ford) collect their accounts receivables in such relatively short times? 

b. Why would a company that sells expensive jewelry (Zales) collect its receivables so much quicker than a company that sells toothpaste and soap (Procter & Gamble)?

Reference no: EM13929169

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