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If a company has $1,000,000 in sales and average accounts receivable of $100,000, calculate the Receivables Turnover Ratio. Why is a higher numbe better?

If a company has $1,000,000 in sales and average accounts receivable of $100,000, calculate the Receivables Turnover Ratio. Why is a higher numbe better? What does that ratio tell you about the company?

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