Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold

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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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Financial Accounting Information For Decisions

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10th Edition

Authors: John J. Wild

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Question Posted: Aug 23, 2021 08:29 AM

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Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold

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Financial Accounting Information For Decisions

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