Question: Please don't write it on a paper. The following data are taken from the comparative balance sheets of Grayling Company. Compute and interpret its accounts

Please don't write it on a paper.

The following data are taken from the comparative balance sheets of Grayling Company. Compute and interpret its accounts receivable turnover for Year 2. Competitors average a turnover of 7.5. How is the company doing in relation to its competitors?

	Year 2	Year 1
Accounts receivable, net	180,230	220,450
Net sales	1,500,750	1,495,600

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