Question: In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 132470 93440 Cost of Goods Sold

In the table below is data for two companies in a competitive industry.
($000) Company A Company B
Revenues(sales) 132470 93440
Cost of Goods Sold 43645 49828
Average inventory 7358 8714
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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