Use the financial data below to calculate the following
Use the financial data below to calculate the following ratios:,
a. Accounts receivable turnover,
b. Days? sales uncollected,
c. Inventory turnover,
d. Days? sales in inventory,
Income statement data,
Sales (all on credit) $650,000 ,
Cost of goods sold 425,000,
Income turnover 78,000,
Net income 54,600,
Cash $ 19,500 $ 15,000,
Accounts receivable (net) 65,000 60,000,
Inventory 71,500 64,500,
Plant and equipment (net) 195,000 183,900,
Total assets $351,000 $323,400,
Current liabilities $62,400,
Long-term notes payable $ 97,500 ,
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