Question: In the table below is data for two companies in a competitive industry. Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of
In the table below is data for two companies in a competitive industry.

Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies.
($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
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