morgan had net sales of $310,000 and average accounts receivable, net of $77,500. its competitor, stanley, had net sales of $286,700 and average accounts receivable, net of $61,000. calculate the accounts receivable turnover for both companies. which company is doing a better job of managing its accounts receivables?

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02-11-2022
Business

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morgan had net sales of $310,000 and average accounts receivable, net of $77,500. its competitor, stanley, had net sales of $286,700 and average accounts receivable, net of $61,000. calculate the accounts receivable turnover for both companies. which company is doing a better job of managing its accounts receivables?

Sagot :

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