(a) Which company is doing the best job of managing its accounts receivable? Why? Be sure support your answer with computations. 

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2. (b) What are your concerns about these companies?
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Company Name X Y Net Credit Sales $200,000 $ 150,000 1 company is doin Beginning Net Receivables $26,000 $ 10,800 Ending Net Receivables $21,000 $ 11,600 Company Name X Y Net Credit Sales $200,000 $ 150,000 1 company is doin Beginning Net Receivables $26,000 $ 10,800 Ending Net Receivables $21,000 $ 11,600

Answer rating: 100% (QA)

To determine which company is doing the best job of managing its accounts receivable we need more information such as the average collection period or the accounts receivable turnover ratio Without th... View the full answer