Rockland Ltd. revealed the following information for the years ending December 31, 2023 and 2022: Current Assets Cash Answer: Accounts Receivable Inventory Prepaid expenses Total Current Assets Current Liabilities Net Credit Sales 2023 $3,000 49,500 375,000 800 $428,300 $280,000 $480,000 2022 $3,350 59,800 333,250 800 $397,200 $245,000 $451,000 Calculate the Account receivables turnover ratio for 2023 (use 2 decimals) 3 marks

Rockland Ltd. revealed the following information for the years ending December 31, 2023 and 2022: Calculate the Account receivables turnover ratio for 2023 (use 2 decimals) 3 marks