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A company reports the following information for the year: Net credit sales $120,000 Average accounts receivable 14,000 Cash collections on credit sales 106,000 What

A company reports the following information for the year: Net credit sales $120,000 Average accounts receivable 14,000 Cash collections on credit sales 106,000 What is the company's receivables turnover ratio? (Round your answer to 1 decimal place.) Multiple Choice 0.1. 16.6. 8.6.

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