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Chapter 13 Cuir a Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. (Use 365

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Chapter 13 Cuir a Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) 14 Cash Short-term investments Accounts receivable, net Merchandise inventory Trepaid expenses Plant assets Accounts payable Net Sales Cost of goods sold Year 2 Year $ 38,000 $ 32,750 95.000 62.500 88.000 82.000 123,500 127,500 12,600 10.200 390.500 340,500 110.900 110.300 713,500 678,500 392.500 377,500 0 0 0 0 0 Powers Company reported Net sales of $1,250,000 and average Accounts Receivable, net of $73,500. The accounts recevable turnover ratio is: o 320 times 0.59 times 170 times O 60 times

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