Universal Sports Supply began the year with an accounts receivable balance of $150,000 and a...
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Accounting
Universal Sports Supply began the year with an accounts receivable balance of $150,000 and a year-end balance of $170,000. Credit sales of $525,000 generate a gross profit of $175,000 Calculate the receivables tumover ratio for the year (Round your final answer to 1 decimal place.) Receivables Turnover Ratio Universal Sports Supply times
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