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It takes the Crossroads Boutique an average of 61 days to sell its inventory and 30 days to collect its accounts receivable. The firm has
It takes the Crossroads Boutique an average of 61 days to sell its inventory and 30 days to collect its accounts receivable. The firm has sales of $568,700 and costs of goods sold of $398,800. What is the accounts receivable turnover rate?
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