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

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Accounting

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Following are the average accounts recelvable and net sales reported recently by two large beverage companies (dollar amounts are stated in millions), a. Compute the accounts receivable turnover rate for each company. b. Compute the average number of days that it takes for each company to collect its accounts receivable. c. Based upon your computations in the above requirements, which company's accounts receivable appear to be most liquid? Complete this question by entering your answers in the table below. Compute the accounts recelvable turnover rate for each company. (Round your answers to 2 decimal places.)

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