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Martin Sales provides the following information: Net credit sales: $750,000
Beginning net accounts receivable: $40,000
Ending net accounts receivable: $20,000
Calculate the accounts receivable turnover ratio. (Round to the nearest whole number.)
Currency Format
A way of displaying numbers to represent monetary values, including symbols and decimal places relevant to a specific currency.
Currency Symbol
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Decimal Point
A dot (.) used to separate the whole number part from the fractional part of a number.
Data Type
A classification identifying one of various types of data, such as integer, floating-point, or string, that determines the possible values for that type, the operations that can be done on it, and the way it is stored.
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