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Grinding, Incorporated had net accounts... Grandview Grinding, Incorporated had net accounts receivable of $135,800...

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Accounting

Grinding, Incorporated had net accounts...
Grandview Grinding, Incorporated had net accounts receivable of $135,800 at the beginning of the year and $144,800 at the end of the year. If the company's net sales revenue during the year was $1,753,750, what is the receivables turnover ratio?
Multiple Choice
0.08
12.5
0.034
29.2

Answer & Explanation Solved by verified expert
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