Particulars  Procter & Gamble Colgate-Palmolive Net Sales 2018 66832 15544 Accounts Receivables 2018 4686 1400 Accounts Receivables 2017 4594 1480 Average Receivables  (4686+4594)/2 = 4640  (1400+1480)/2 = 1440 Accounts Receivables Turnover Ratio = Net Credit Sales ÷ Average Receivables  66832/4640 = 14.40 15544/1440 = 10.79 DSO = Accounts Receivables ÷ Net Credit Sales × 365 14.40/66832 = 25.34 10.79/15544 = 33.81   A) Identify and discuss a potential explanation for the difference between these competitors’ Accounts receivable ratios

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