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

question 79

Essay

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

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Definitions:

Marital Status

Refers to the legally recognized relationship status of an individual, such as single, married, divorced, or widowed.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to decreased motivation and learning.

Archival Records

Documented materials that have been preserved due to their historical value or significance.

Depressive Symptoms

Clinical features that characterize depression, including persistent sadness, loss of interest in activities, changes in appetite or sleep, and feelings of worthlessness.