universal sports supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. credit sales of $750,000 generate a gross profit of $250,000. calculate the receivables turnover ratio for the year.

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01-12-2022
Business

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universal sports supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. credit sales of $750,000 generate a gross profit of $250,000. calculate the receivables turnover ratio for the year.

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