Describe the receivables turnover ratio


Bria Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of $980,000 at the end of the year. Net credit sales during the year amounted to $7,600,000. The receivables turnover ratio was?

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Accounting Basics: Describe the receivables turnover ratio
Reference No:- TGS0700756

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