that ends on July 31. Information related to sales and receivables of the two companies follows: All For Year Ended December 31, 20XX Ahmed Company Net sales $3,780,000 Receivables, less allowance for doubtful accounts of $16,000 253,000 For Year Ended July 31, 20XX Khalid Company. Net sales $ 3,885,000 Receivables, less allowance for doubtful 138,000 accounts of $8,000 Required a. Compute the days' sales in receivables for both companies. (Use year-end gross receivables.) [2 marks] b. Which company manages their receivables better?
