Morgan Had Net Sales of $310,000 and Average Accounts Receivable

question 163

Essay

Morgan had net sales of $310,000 and average accounts receivable of $75,600. Its competitor, Stanley, had net sales of $290,000 and average accounts receivables of $61,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables?

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Definitions:

Gender Prejudice

Preconceived opinions or judgments about an individual or group based on gender, often leading to discrimination or inequality.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, particularly on the grounds of race, age, or sex.

Implicit Prejudice

The subconscious negative evaluation or biases against individuals or groups, which can influence behavior and perceptions without conscious awareness.

Explicit Prejudice

A form of prejudice that individuals are consciously aware of and can express openly, involving negative attitudes or beliefs towards a group.