Question: Mifflin Co. reported the following for the current year: Net sales $75,950 Cost of goods sold $53,000 Beginning balance in accounts receivable $17,000 Ending

Mifflin Co. reported the following for the current year: Net sales $75,950

Mifflin Co. reported the following for the current year: Net sales $75,950 Cost of goods sold $53,000 Beginning balance in accounts receivable $17,000 Ending balance in accounts receivable $ 7,500 09 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 Receivable Turnover Days Sales Uncollected Compute the accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover < Accounts Receivable Turnover times Days Sales Uncollected >

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