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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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