Use the data in ADM 2 and ADM 3 to analyze the accounts receivable turnover ratios of Ralph Lauren Corporation and L Brands, Inc A Compute the accounts receivable turnover ratios for Ralph Lauren and L Brands for the years shown in ADM 2 and ADM 3 Average the accounts receivable turnover ratio for ...

A The average accounts receivable turnover ratios are as follows Ralph Lauren 133 142 123 2 ...

Use the data in ADM-2 and ADM-3 to analyze the accounts receivable turnover ratios of Ralph Lauren

Question:

Use the data in ADM-2 and ADM-3 to analyze the turnover ratios of Ralph Lauren and L Brands, Inc.
A. Compute the turnover ratios for Ralph Lauren and L Brands for the years shown in ADM-2 and ADM-3. Average the turnover ratio for the two years. Round all calculations to one decimal place.
B. Does L Brands or Ralph Lauren have the higher average turnover ratio?
C. What might explain the difference in the average turnover ratios between the two companies?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...