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Mifflin Co. reported the following for the current year: Net soles Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable
Mifflin Co. reported the following for the current year: Net soles Cost of goods sold Beginning balance in accounts receivable Ending balance in accounts receivable $66,780 $42,000 $14,800 $ 6,400 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. Complete this question by entering your answers in the tabs below. Accounts Days Sales Receivable Turnover Uncollected Compute the accounts receivable turnover. Accounts Receivablo Turnover Choose Denominator: Choose Numerator: Accounts Receivable Turnover Accounts receivable tomover times ACCOReceivable Turnov Days Salos Uncollected >
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