Tecom Had Net Sales of $315,000 and Average Accounts Receivable

question 34

Essay

Tecom had net sales of $315,000 and average accounts receivable of $75,600. Its competitor, ZCom, had net sales of $299,000 and average accounts receivables of $81,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables?

---

Definitions:

Unmark as Final

This action removes the final status from a document, allowing further edits and modifications.

Protect Presentation

A feature that restricts unauthorized editing or modification of a presentation, ensuring its content remains unchanged.

Hide Slide Command

A feature in presentation software that allows a user to conceal a slide during the presentation without deleting it from the file.

Black Screen

A term used to describe a display issue where the screen shows nothing but black, often due to a software or hardware malfunction.