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Determine the company receivables turnover ratio

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Question - Alberta Inc. has sales of $1,000,000, operating profit of $50,000, interest expense of $12,500, tax expense of $7,500, total equity of $200,000, and total debt of $300,000. Current assets consisted of inventory of $70,000 and accounts receivable of $30,000. Determine the company receivables turnover ratio?

Reference no: EM133077299

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