Mifflin Co. reported the following for the current year: $76,480 $51,000 $16,600 $ 7,300 Net sales...

 

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Mifflin Co. reported the following for the current year: $76,480 $51,000 $16,600 $ 7,300 Net sales Cost of goods sold 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 Tumover Compute the accounts receivable turnover. Accounts Receivable Turnover I Choose Denominator: I Average accounts receivable Choose Numerator: Accounts Recelvable Turnover Net sales Accounts receivable turnover $ 76,480 O times Complete this question by entering your answers in the tabs below. Accounts Receivable Turnover Days Sales Uncollected Compute the days' sales uncollected. Days' Sales Uncollected Choose Numerator: I Choose Denominator: Days Days' Sales Uncollected Days' sales uncollected o days Mifflin Co. reported the following for the current year: $76,480 $51,000 $16,600 $ 7,300 Net sales Cost of goods sold 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 Tumover Compute the accounts receivable turnover. Accounts Receivable Turnover I Choose Denominator: I Average accounts receivable Choose Numerator: Accounts Recelvable Turnover Net sales Accounts receivable turnover $ 76,480 O times Complete this question by entering your answers in the tabs below. Accounts Receivable Turnover Days Sales Uncollected Compute the days' sales uncollected. Days' Sales Uncollected Choose Numerator: I Choose Denominator: Days Days' Sales Uncollected Days' sales uncollected o days

Answer rating: 100% (QA)

Account Receivables Turnover Average Account Receivables 11950 Account Re... View the full answer