Question: In the table below is data for two companies in a competitive industry. ($000) Company A Company B Revenues(sales) 126336 128960 Cost of Goods Sold

In the table below is data for two companies in a competitive industry.
($000) Company A Company B
Revenues(sales) 126336 128960
Cost of Goods Sold 43409 51447
Average inventory 7356 8727
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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