Business, 19.03.2020 23:10 iamasia06

Following are the average accounts receivable and net sales reported recently by two large beverage companies (dollar amounts are stated in millions):

Average Accounts Receivable Net Sales
Molson Coors Brewing Co. $517 5,170
Anheuser-Busch InBev 2,606 39,046

a. Compute the accounts receivable turnover rate for each company (round your results to one decimal place)
b. Compute the average number of days that it takes for each company to collect its accounts receivable (round your results to the nearest whole day).

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Following are the average accounts receivable and net sales reported recently by two large beverage...