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What is the accounts receivables turnover rate

Problem: For their last fiscal year, the Short Company reported the following information.

Accounts Receivable         $160,000
Inventory                        $204,000
Sales                            $1,168,000
Cost of Goods Sold           $724,000

What is the accounts receivables turnover rate?

a. 0.8
b. 7.3
c. 4.5
d 2.8

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Finance Basics: What is the accounts receivables turnover rate

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