Question

The annual reports of Delta, Inc. and SunnyDay Company, two manufacturers of computers, reveal the information below for the current year (amounts in millions). Delta sells custom-order personal computers, primarily to individuals. SunnyDay sells higher-end computers and Internet software, primarily to businesses.


Compute the accounts receivable turnover for each company.
Compute the average number of days that accounts receivable are outstanding for each company.
Why do the accounts receivable turnovers of these two companiesdiffer?


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  • CreatedMarch 04, 2014
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