Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold
Question:
Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold of $38,000; beginning balance in accounts receivable of $14,000; and ending balance in accounts receivable of $6,000.
Compute
(a) Accounts receivable turnover
(b) Days’ sales uncollected. Round to one decimal.
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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