The following current year information is available from a manufacturing company Sales Gross profit

Question

The following current year information is available from a manufacturing company:

Sales	$740,000
Gross profit on sales	276,000
Operating income	64,000
Income before taxes	44,000
Net income	33,600
Accounts Receivable, beginning-year	58,000
Accounts Receivable, end-of-year	72,000

Calculate the company's accounts receivable turnover and its days' sales uncollected.

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