Please Do not Give Image format (Accounts receivable turnover)The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands):Vintage FurnitureVictoria FoodlandAnnual Sales$84,87241,964AccountsReceivable Jan. 1$6,2001,280AccountsReceivable Dec. 31$10,2801,840 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimalplace, e.g. 18.4.)Accounts receivable turnovereTextbook and MediaVintage FurnitureDays to CollecteTextbook and MediaShow Transcribed TextJVintage FurnituretimesCalculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.g.18.4.)daysVictoria FoodlandVictoria FoodlandWhich company appears to be more efficient at handling its accounts receivable?timesdaysappears to be more efficient at handling its accounts receivable.

Accounts receivable turnover ratio = Credit sales / Average accounts receivable Average number of…

(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands): Vintage Furniture Victoria Foodland Annual Sales $84,872 41,964 Accounts Receivable Jan. 1 $6,200 1,280 Accounts Receivable Dec. 31 $10,280 1,840