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

Based on the results of your computations, what does the ratio tell you?