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Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end baiance of $220,000. Credit sales of $750,000 generate a
Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end baiance of $220,000. Credit sales of $750,000 generate a gross profit of $250,000. Calculate the recelvables turnover ratio for the year
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