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Universal Sports Supply began the year with an accounts receivable balance of $150,000 and a year-end balance of $170,000. Credit sales of $675,000 generate a gross profit of $225,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.) Credit sales Universal Sports Supply Receivables Turnover Ratio Average accounts receivable 675,000 160,000 times 25