Missoula Incorporated reported the following selected financial statement data Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income December 31, 2023 $ 43,000 61,000 81,000 223,000 444,000 158,000 286,000 353,000 233,000 33,000 Required: Compute the receivables turnover ratio for 2024. Receivables turnover ratio 6: December 31, 2024 $ 51,500 78,000 85,000 244,000 421,000 158,000 263,000 417,000 306,000 51,000

Missoula Incorporated reported the following selected financial statement data Required: Compute the receivables turnover ratio for 2024