The Following Current Year Information Is Available from a Manufacturing

Essay

The following current year information is available from a manufacturing company:
$\begin{array}{lr}\text { Sales } & \$ 740,000 \\\text { Gross profit on sales } & 276,000 \\\text { Operating income } & 64,000 \\\text { Income before taxes } & 44,000 \\\text { Net income } & 33,600 \\\text { Accounts Receivable, beginning-year } & 58,000 \\\text { Accounts Receivable, end-of-year } & 72,000\end{array}$ Calculate the company's accounts receivable turnover and its days' sales uncollected.