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Powers Company reported net sales of $1,320,000, average Accounts Receivable, net of $66,500, and net income of $56,125. The accounts receivable turnover ratio is

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Answer:

19.85 times

Step-by-step explanation:

The accounts receivable turnover ratio is Net sales / Average accounts receivables

Given that net sales = $1,320,000

Average accounts receivables = $66,500

Accounts receivable turnover ratio = $1,320,000 / $66,500

= 19.85 times

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