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Calculate the accounts receivable turnover ratio for Company XYZ, which reported net credit sales of $800,000 and average accounts receivable of $200,000. Interpret the accounts
Calculate the accounts receivable turnover ratio for Company XYZ, which reported net credit sales of $800,000 and average accounts receivable of $200,000. Interpret the accounts receivable turnover ratio as a measure of the company's efficiency in collecting receivables and managing credit policies. Discuss strategies for improving accounts receivable turnover and enhancing cash flow management.
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