The Following Current Year Information Is Available from a Manufacturing

question 172

Essay

The following current year information is available from a manufacturing company:
$$\begin{array} { | l | r | } \hline \text { Sales } & \$ 640,000 \\\hline \text { Gross profit on sales } & 276,000 \\\hline \text { Operating income } & 64,000 \\\hline \text { Income before taxes } & 44,000 \\\hline \text { Net income } & 33,600 \\\hline \text { Accounts receivable, beginnirg-year } & 58,000 \\\hline \text { Accounts receivable, end-of-year } & 70,000 \\\hline\end{array}$$
Calculate the company's accounts receivable turnover and its days' sales uncollected.

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An organization or a specific act of generosity and kindness towards others, especially aimed at providing help and raising money for those in need.

Refusing Requests

The act of denying or declining a request or offer, typically done politely and with an explanation.

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Communication that presents its main idea or conclusion after providing all necessary background or supporting information.

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