Brief Exercise 12-6 Calculate receivables turnover (LO12-3) Universal Sports Supply began the year with an accounts receivable balance of $110,000 and a year-end balance of $130,000. Credit sales of $615,000 generate a gross profit of $205,000 Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.) Receivables Turnover Ratio Universal Sports Supply times