Business, 23.08.2019 02:30 dbag1162

Company a has a shorter average collection period than company b using the formula 365 / (credit sales / average ar balance). which of the following statements is true regarding these two companies?
company a has a lower percentage of credit sales than company b. company a is more efficient in collecting receivables from customers than company b. company a is more efficient in generating revenue than company b.

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Company a has a shorter average collection period than company b using the formula 365 / (credit sal...