Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold of $38,000; beginning balance in accounts receivable of $14,000; and ending balance in accounts receivable of $6,000. Compute (a) accounts receivable turnover and (b) days sales uncollected. Round to one decimal. Hint: Recall that accounts receivable turnover uses average accounts receivable and days sales uncollected uses the ending balance in accounts receivable.
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