Question: In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 90593 117120 Cost of Goods Sold

In the table below is data for two companies in a competitive industry.
($000) Company A Company B
Revenues(sales) 90593 117120
Cost of Goods Sold 42031 50907
Average inventory 7346 8723
Average receivable 5550 7318
Average payable 7054 8663
Calculate the turnover ratios and evaluate the relative performance (operating efficiency) of both companies.

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