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Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a...

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Accounting

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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. (Round your final answer to 1 decimal place.) Receivables Tumover Ratio Universal Sports Supply

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