Business, 15.12.2020 16:20 carebear147

Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credit sales of $645,000 generate a gross profit of $215,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.)

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Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-en...

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