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In 2014, Grossfeld Company has net credit sales of $1,600,000for the year. It had a beginning accounts receivable (net) balance of $108,000and an ending accounts

In 2014, Grossfeld Company has net credit sales of $1,600,000for the year. It had a beginning accounts receivable (net) balance of $108,000and an ending accounts receivable (net) balance of $120,000.

Compute Grossfeld Companys receivables turnover.

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