Question: Assume selected financial data for Small Mart and Arrow, two close competitors in the retail industry, are as follows: Required: 1-a. Calculate the receivables turnover

Assume selected financial data for Small Mart and Arrow, two close

Assume selected financial data for Small Mart and Arrow, two close competitors in the retail industry, are as follows: Required: 1-a. Calculate the receivables turnover ratio and average collection period for Small Mart and Arrow. 1-b. Which company maintains a higher receivables turnover

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