Mifflin Co. reported the following for the current year: Net sales Cost of goods sold $69,760...
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Mifflin Co. reported the following for the current year: Net sales Cost of goods sold $69,760 $44,000 $15,200 $ 6,600 Beginning balance in accounts receivable Ending balance in accounts receivable 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 Uncollected Receivable Turnover Compute the accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times = Accounts Days Sales Uncollected Receivable Turnover Compute the days' sales uncollected. Days' Sales Uncollected Choose Numerator: I Choose Denominator: Days Days' Sales Uncollected Days' sales uncollected days II Mifflin Co. reported the following for the current year: Net sales Cost of goods sold $69,760 $44,000 $15,200 $ 6,600 Beginning balance in accounts receivable Ending balance in accounts receivable 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 Uncollected Receivable Turnover Compute the accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times = Accounts Days Sales Uncollected Receivable Turnover Compute the days' sales uncollected. Days' Sales Uncollected Choose Numerator: I Choose Denominator: Days Days' Sales Uncollected Days' sales uncollected days II
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