Question: The following current year information is available from a manufacturing company:
Sales..............................640,000
Gross Profit on sales..............276,000
Operating Income................... 64,000
Income Before Taxes................ 44,000
Net Income......................... 33,600
Account Receivable, Beginning Year..58,000
Account Receivable, end of year.....70,000
Calculate the company's accounts receivable turnover and its days' sales uncollected.