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Microsoft began 2024 with accounts receivable of $128,000. All sales are made on credit. Sales and cash collections from customers for the year were
Microsoft began 2024 with accounts receivable of $128,000. All sales are made on credit. Sales and cash collections from customers for the year were $793,000 and $713,000, respectively. Cost of goods sold for the year was $463,000. What was Microsoft's receivables turnover ratio (rounded) for 2024? Multiple Choice 4.72 2.82 6.20 3.81
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