Below are amounts for two companies: Beginning Ending net sales Accounts Accounts Receivable (net) Receivable (net) Company 1 1500 $1200 29,700 Company 2 3,100 3,300 80,000 1. For each company, calculate the receivables turnover ratio. Receivables Turnover Ratio Company 1 times Company 2 times 2. Which company appears more efficient in collecting cash from sales? multiple choice Company 1

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