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Business, 11.06.2020 00:57 fanta47

Mifflin Co. reported the following for the current year. Net sales $60,000
Cost of goods sold $38.000
Beginning balance in accounts receivable $14.000
Ending balance in accounts receivable $ 6,000
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.

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Mifflin Co. reported the following for the current year. Net sales $60,000
Cost of goods sold...
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