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using the following data from moontrust corporation s financial statements compute t 4246442

Using the following data from Moontrust Corporation’s financial statements, compute the receivables turnover and the days’ sales uncollected. (Round to one decimal place or to the nearest whole day.)Current assets:Cash …………… $ 70,000Short-term investments …… 170,000Notes receivable ………. 240,000Accounts receivable, net …… 400,000Inventory ………… 500,000Prepaid assets ………. 50,000Total current assets …….. $1,430,000Current liabilities:Notes payable ………. $ 600,000Accounts payable ……… 150,000Accrued liabilities ……… 20,000Total current liabilities ……. $ 770,000Net sales ………….. $3,200,000Last year’s accounts receivable, net … $ 360,000View Solution:
Using the following data from Moontrust Corporation s financial statements compute

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