Using the following data from the financial statements of Russo Company, compute the quick ratio, the receivable turnover, and the average days' sales uncollected: E-2

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Current assets Cash Short-term investments Notes receivable Accounts receivable, net Inventory Prepaid assets Total current assets Current liabilities Notes payable Accounts payable Accrued liabilities Total current liabilities Net sales Last period's accounts receivable, net $ 70,000 170,000 240,000 200,000 500,000 50,000 $1,230,000 $ 300,000 150,000 20,000 $470,000 $1,600,000 $ 180,000