Question: In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 136488 149360 Cost of Goods Sold

In the table below is data for two companies in a competitive industry.
($000) Company A Company B
Revenues(sales) 136488 149360
Cost of Goods Sold 43800 52376
Average inventory 7359 8735
Average receivable 5551 7318
Average payable 7054 8663
Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies.

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