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What is the accounts receivable turnover ratio

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Problem 1: Somerset Corporation just completed its fiscal year ended January 31, 2021. All sales were on account and totaled 650,000 for the year. The accounts receivable balance on February 1, 2020 was 60,000 and the balance was 65,000 on January 31, 2021. What is the accounts receivable turnover ratio?

Reference no: EM132927968

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