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Excerpts from Al-Mukalla Company's December 31, 2019 and 2020, financial statements are presented below: 2019 2020 Accounts receivables $ 80000 $ 85000 Merchandise inventory 65000

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Excerpts from Al-Mukalla Company's December 31, 2019 and 2020, financial statements are presented below: 2019 2020 Accounts receivables $ 80000 $ 85000 Merchandise inventory 65000 85000 Net sales 175000 170000 Cost of goods sold 65000 75000 Calculate the receivables turnover ratio for Al-Mukalla Co. for 2020

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