Exercise 12-7 Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an incorrect answer.
A.
Net credit sales 3,793$ 3,671$
Accounts receivable, January 1 219$ 505$
Instructor
Company 1
Company 2
Days in the year 365 365
Which of these two companies is using its accounts receivable more efficiently?