The following data exist for Conner Company: 2010 2009 Accounts Receivable $ 80,000 $ 90,000 Sales 510,000 410,500 Calculate the receivable turnover and the average days' sales uncollected for 2010 . Round answers to one decimal place
Receivable turnover = $510,000?? [($80,000 + $90,000)???2] = 6.0 times
Average days' sales uncollected = 365 ??6 = 60.8 days
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