Company abel has total sales of 364500 of which 60500


Question: Company Abel has total sales of $364,500, of which, $60,500 represent cash sales. Its annual average accounts receivable balance is $74,400. Company Baker has total sales of $367,450, of which, $63,475 represent cash sales. Its annual average accounts receivable balance is $54,500. Which company has the favorable accounts receivable turnover experience?

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Finance Basics: Company abel has total sales of 364500 of which 60500
Reference No:- TGS02751284

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