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I'm having a hard time understanding the hints given, to figure the Average Accounts Receivable Mifflin Company reported the following for the current year: Net

I'm having a hard time understanding the "hints" given, to figure the Average Accounts Receivable

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Mifflin Company reported the following for the current year: Net sales $ 76, 480 Cost of goods sold 51,000 Beginning balance in accounts receivable 16, 600 Ending balance in accounts receivable 7, 300 Compute (a) accounts receivable turnover and (b) days' sales uncollected. Hint. Accounts receivable turnover uses average accounts receivable, and days' sales uncollected uses the ending balance in accounts receivable. Complete this question by entering your answers in the tabs below. Accounts Receivable Days Sales Turnover Uncollected Compute the accounts receivable turnover. Accounts Receivable Turnover Numerator: Denominator: Accounts Receivable Turnover Net sales Average accounts receivable Accounts receivable turnover 76,480 0 times

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