The following are summary financial data of the three most recent years for two companies:
a. Using the data above, compute the accounts receivable turnover and average collection period for each company for 2013 and 2012. (Round to two decimal places)
b. Which company appears to have a better credit collection policy? Explain why.
Definitions:
Email Account
An account created to enable sending, receiving, and managing electronic mail through a specific email service provider.
Service Provider
A company that offers services to users over the internet or another network, including telecom, web hosting, and SaaS.
Incoming Email
Email messages that are received by an individual or an organization from external senders.
Email Server
A server that handles and delivers email over a network, usually the internet, from sender to recipient.
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