The following are comparative data for Jobs Company for the three-year period 2012-2014:
Compute the following measurements for 2014 and 2013:
(1)The receivables turnover rate.
(2)The average collection period for accounts receivable.
Definitions:
Spreadsheet Organizer
A tool or software used for organizing, analyzing, and storing data in tabular form, facilitating calculations and data management.
Personal Productivity
An effort by the salesperson to increase productivity through a number of tools including more efficient data storage and retrieval, better time management, and enhanced presentation.
Sales Force Automation
The use of software to automate business tasks of sales, including order processing, contact management, inventory monitoring, and customer management.
Distribution Management
The process of overseeing the movement of goods from supplier or manufacturer to point of sale.
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