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Universal Sports Supply began the year with an accounts receivable balance of $140,000 and a year-end balance of $150,000. Credit sales of $700,000 generate a

Universal Sports Supply began the year with an accounts receivable balance of $140,000 and a year-end balance of $150,000. Credit sales of $700,000 generate a gross profit of $270,000.

Calculate the receivables turnover ratio for the year. (Round your answer to 2 decimal places.)

Receivables turnover ratio times

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