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At the end of 2020, a company has: Cash $76,000, Net Accounts Receivable of $30,000, Net Accounts Payable of $27,000, Net Sales of $99,000. The

At the end of 2020, a company has:

Cash  $76,000, 

Net Accounts Receivable of $30,000,

Net Accounts Payable of $27,000, 

Net Sales of $99,000.

The previous year’s Net Accounts Receivable was $36,000.

Compute:

(i). The Receivables turnover for 2020;

(ii). Average days’ Sales Uncollected; Assume 360 days in a year;

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