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LMN Enterprises reported the following data for the year ended December 31, 2023: Beginning Accounts Receivable: $20,000 Ending Accounts Receivable: $25,000 Sales Revenue: $100,000 Calculate

LMN Enterprises reported the following data for the year ended December 31, 2023:

  • Beginning Accounts Receivable: $20,000
  • Ending Accounts Receivable: $25,000
  • Sales Revenue: $100,000

Calculate the accounts receivable turnover ratio for LMN Enterprises.

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