Graff Company has cash of $40,000, net accounts receivable of $90,000, and net sales of $720,000.

Graff Company has cash of $40,000, net accounts receivable of $90,000, and net sales of $720,000. Last year’s net accounts receivable were $70,000. Compute the following ratios: (a) receivable turnover and

(b) days’ sales uncollected.

 

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