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1 Mifflin Co. reported the following for the current year: 8.75 points Net sales Cost of goods sold Beginning balance in accounts receivable Ending balance
1 Mifflin Co. reported the following for the current year: 8.75 points Net sales Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable $ 76,480 $51,000 $16,600 $ 7,300 X 02.52:49 Compute (a) accounts receivable turnover and (b) days' sales uncollected. Hint Recall that accounts receivable turnover uses average accounts receivable, and days' sales uncollected uses the ending balance in accounts receivable. eBook References Complete this question by entering your answers in the tabs below. Accounts Receivable Turnover Days Sales Uncollected Compute the accounts receivable turnover. Choose Numerator: = Accounts Receivable Turnover 1 Choose Denominator: 1 Average accounts receivable 1 Net sales Accounts Receivable Turnover Accounts receivable turnover 0 times $ 76,480 = Accounts Receivable Turnover Days Sales Uncollected > 1 Mifflin Co. reported the following for the current year: 8.75 points Net sales Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable $ 76,480 $51,000 $16,600 $ 7,300 02:52:30 Compute (a) accounts receivable turnover and (b) days' sales uncollected. Hint Recall that accounts receivable turnover uses average accounts receivable, and days' sales uncollected uses the ending balance in accounts receivable. eBook References Complete this question by entering your answers in the tabs below. Accounts Receivable Turnaver Days Sales Uncollected Compute the days' sales uncollected. Choose Numerator: 7 Days' Sales Uncollected Choose Denominator: Days x Days' Sales Uncollected Days' sales uncollected 0 days
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