Graff Company has cash of $40,000, net accounts receivable of

Graff Company has cash of $40,000, net accounts receivable of $90,000, and net sales of $720,000. Last year’s net accounts receivable were $70,000. Compute the following ratios:
(a) Receivable turnover and
(b) Days sales uncollected.

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  • CreatedFebruary 23, 2012
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