presented here are the average days to collect accounts receivable for four companie 4372982

Presented here are the average days to collect accounts receivable for four companies in different industries. The data are for 2013. Average Days to Collect Company Accounts Receivable Boeing (aircraft manufacturer) ………… 27 Colgate-Palmolive Company (consumer products manufacturer) .. 34 Ethan Allen (furniture retailer) …………… 6 General Motors (auto sales only) …………. 22 Required Write a brief memorandum that provides possible answers to each of the following questions: a. Why would a company that manufactures and sells airplanes (Boeing) and a company that manufactures and sells automobiles (General Motors) collect their accounts receivables in such relatively short times? b. Why would a company that sells furniture (Ethan Allen) collect its receivables so much quicker than a company that sells toothpaste and soap (Colgate-Palmolive)? View Solution:
Presented here are the average days to collect accounts receivable

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