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2. The beginning balance of accounts receivable (net) was $16,000. Compute the gross profit/(loss) percentage and receivables turnover ratio. Assume all sales is on account.

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2. The beginning balance of accounts receivable (net) was $16,000. Compute the gross profit/(loss) percentage and receivables turnover ratio. Assume all sales is on account. (Round the final answers to 2 decimal places.) % Accounts receivable turnover ratio times

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