Accounts receivable turnover) The financial data for Vintage Furniture Inc and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands): Annual Sales $84,588 Accounts Accounts Receivable Jan. 1 Receivable Dec. 31 $6,700 $9,260 Vintage Furniture Victoria Foodland 41,895 1,200 1,740 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, eg. 18.4) Vintage Furniture Victoria Foodland times times Accounts receivable turnover Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, eg. 18.4) Vintage Furniture Victoria Foodland Days to Collect days days e Textbook and Media Which company appears to be more efficient at handling its accounts receivable? appears to be more efficient at handling its accounts receivable.

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