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Calculate accounts receivable turnover for both companies

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Question - ACE Co. had net sales of $310,000 and average accounts receivable of $75,600. Its competitor, DOT Inc, had net sales of $270,000 and average accounts receivables of $61,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables and why?

Reference no: EM132170121

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Calculate accounts receivable turnover for both companies : ACE Co. had net sales of $310,000 and average accounts receivable of $75,600. Calculate the accounts receivable turnover for both companies
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