beserkerbradley7449 beserkerbradley7449
  • 21-12-2022
  • Mathematics
contestada

The following data are for Rocky Company.


Current Year / 1 Year Ago

Accounts receivable, net $ 153,400. / $ 138,500

Net sales 861,105. / 910,600


(a) Compute Rocky’s accounts receivable turnover.

(b) If its competitor, Dixon, has an accounts receivable turnover of 7. 5, which company appears to be doing a better job of managing its receivables?

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