Using the following information, calculate the receivables turnover ratio: Receivables Turnover Ratio (round your answer to two decimal places)

Question 7 of 11 using the following information, calculate the receivables tumover ratio: Accounts Net sales Bad debt expense Cost of goods sold Depreciation expense Beginning Accounts Receivable. net Ending Accounts Receivable. net Balances $314,000 $7,000 56.500 54.800 $74,600 $67,100 Receivables Tumover Ratio (round your answer to two decimal places):