Solved: What is beverage internationals receivables turnover ratio, Accounting Basics

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What is beverage internationals receivables turnover ratio

Beverage International reports net credit sales for the year of $588,000. The company's accounts receivable balance at the beginning of the year equaled $37,000 and the balance at the end of the year equaled $47,000. What is Beverage International's receivables turnover ratio?

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Accounting Basics: What is beverage internationals receivables turnover ratio

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