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03-06-2023
Business

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A company reports the following information for the year: Net credit sales. $120,000 Average accounts receivable 14,000 Cash collections on credit sales 106,000 What is the company's receivables turnover ratio? (Round your answer to 1 decimal place.) Multiple Choice O 0.1. 16.6. O O 8.6. 0 7.6.

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