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Which of the following is not true regarding the receivables turnover ratio? 1) It has a popular variant called the average collection period. 2) It

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Which of the following is not true regarding the receivables turnover ratio? 1) It has a popular variant called the average collection period. 2) It is used to assess the liquidity of receivables. O 3) It is calculated by dividing the average gross accounts receivable by the net credit sales. It measures the number of times, on average, receivables are collected during a period. O4)

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