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Accounts Receivable Turnover Ratio for Amazon.com, Inc. : Calculate the accounts receivable turnover ratio for Amazon.com, Inc. for the fiscal year 2023 based on the
- Accounts Receivable Turnover Ratio for Amazon.com, Inc.:
Calculate the accounts receivable turnover ratio for Amazon.com, Inc. for the fiscal year 2023 based on the following information:
- Net Credit Sales: $80,000,000
- Beginning Accounts Receivable: $20,000,000
- Ending Accounts Receivable: $25,000,000
Requirement: Compute the accounts receivable turnover ratio for Amazon.com, Inc. and interpret its implications for the company's efficiency in collecting receivables.
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