Chapter 8, Problem 8.3E

I need help finding the accurate solution to this general accounting problem with valid methods.

Please explain this financial accounting problem by applying valid financial principles.

Trueno Inc. reported net sales of $62,000 and an ending accounts receivable of $6,500 for the current period. How many days' sales are uncollected? (Round your answer to the nearest whole number).

Financial Accounting

Accounting problem with solution

if value is not showing properly then please comment i will write values don't solve with incorrect values i will mark as unhelpful.

I need help finding the accurate solution to this financial accounting problem with valid methods.

Can you help me solve this general accounting question using valid accounting techniques?

Carinal Ltd. specializes in the development of electronic components within quite acompetitive environment causing concerns for marketing and pricing. Its non-current assetsprimarily include IT software, property, and investments, and there have been additions tothese during the year.As audit manager, you are conducting a preliminary analytical review and associated riskanalysis for this client for the year ended June 30 2023. You have been presented with thefollowing draft financial information about Carinal with incomplete ratios and percentagescalculation. Using the information in the pic, complete the calculation of accounting ratios andpercentages and comment briefly on the performance of the company for the twoyears. 2. By reference to requirement 1, identify the areas that are subject to increased auditrisk and describe the further audit work you would perform in response to those risks.