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5. The following selected financial information for a company was reported for the current year end. Calculate the following company ratios: (a) Accounts receivable turnover.

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5. The following selected financial information for a company was reported for the current year end. Calculate the following company ratios: (a) Accounts receivable turnover. (b) Inventory turnover. (c) Days' sales uncollected Accounts receivable, beginning-year $170,000 Accounts receivable, year-end 190,000 Merchandise inventory, beginning-year 80,000 Merchandise inventory, year-end 60,000 Cost of goods sold 580,000 Credit sales 1,000,000

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