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Calculate the receivables turnover ratio for the year

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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 $580,000 generate a gross profit of $280,000.

Calculate the receivables turnover ratio for the year. (Round your answer to 2 decimal places.)

Receivables turnover ratio ____ times

Reference no: EM13776881

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