The Following Selected Company Information Was Reported Calculate the Following Company Ratios:
(A) Accounts Receivable Turnover
(B)

question 56

Essay

The following selected company information was reported:
$\begin{array}{|l|r|}\hline \text { Accounts receivable, beginning-year } & \$ 170,000 \\\hline \text { Accounts receivable, year-end } & 190,000 \\\hline \text { Merchandise inventory, beginning-year } & 80,000 \\\hline \text { Merchandise inventory, year-end } & 60,000 \\\hline \text { Cost of goods sold } & 580,000 \\\hline \text { Credit sales } & 1,000,000 \\\hline\end{array}$ Calculate the following company ratios:
(a) Accounts receivable turnover
(b) Inventory turnover
(c) Days' sales uncollected

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