Below are amounts for two companies:
For each company,calculate the receivables turnover ratio.Which company appears more efficient in collecting cash from sales?
Definitions:
Selling Price
The amount of money charged for a product or service, or the sum of the value that customers exchange for the benefits of having or using the product or service.
Revenue Variance
The difference between the actual revenue earned and the expected revenue that was budgeted for a specific period.
Actual Revenue
The real income that a company generates from its business activities, reported during a specific period.
Static Planning Budget
A budget designed for a single level of activity and does not change even if the level of activity changes.
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