The following information pertains to Soho Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the receivables turnover for Soho?
Definitions:
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, a foundational concept in economics that emphasizes the potential benefits that are missed when choosing one option over another.
Bushel
A unit of measure for volume, used primarily in dry commodities trading, equivalent to about 8 gallons or 36.4 liters in the U.S.
Acre
A unit of land area used primarily in the Imperial and US customary systems, equal to 43,560 square feet or about 4047 square meters.
Opportunity Cost
The worth of the second-best option that is given up as a consequence of deciding on a course of action.
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