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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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Audit Security How To Plan Implement And Audit Netsuite Security
Authors: Zenobia Plautz
1st Edition
B0B5KQKXSY, 979-8840043851
