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Mifflin Company reported the following for the current year: 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 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 Turnorer Compute the accounts receivable turnover. Days Sales Uncollected Numerator: $ 72,930 45,000 15,400 6,700 1 Accounts Receivable Turnover. Denominator: Accounts Receivable Turnover Accounts receivable turnover times

Mifflin Company reported the following for the current year: 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 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 Turnorer Compute the accounts receivable turnover. Days Sales Uncollected Numerator: $ 72,930 45,000 15,400 6,700 1 Accounts Receivable Turnover. Denominator: Accounts Receivable Turnover Accounts receivable turnover times

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mifflin Company reported the following for the current year: 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 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 Turnorer Compute the accounts receivable turnover. Days Sales Uncollected Numerator: $ 72,930 45,000 15,400 6,700 T Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover times
Transcribed Image Text:Mifflin Company reported the following for the current year: 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 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 Turnorer Compute the accounts receivable turnover. Days Sales Uncollected Numerator: $ 72,930 45,000 15,400 6,700 T Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover times
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