Business, 22.04.2020 03:02 ayoismeisjuam

Which of the following two companies, ABC or XYZ, collect their receivables the quickest?

ABC's accounts receivable turnover = 10.2
XYZ's accounts receivable turnover = 9.7

NOTE: Accounts receivable turnover = net credit sales / average accounts receivable

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Which of the following two companies, ABC or XYZ, collect their receivables the quickest?

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