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Universal Sports Supply began the year with an accounts receivable balance of $160,000 and a year-end balance of $180,000. Credit sales of $690,000 generate a

Universal Sports Supply began the year with an accounts receivable balance of $160,000 and a year-end balance of $180,000. Credit sales of $690,000 generate a gross profit of $230,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.) Receivables Turnover Ratio Universal Sports Supply times + | x

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