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ABC CORP has accounts receivable of $31,600, total assets of $311,500

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June 8th, 2024

ABC CORP has accounts receivable of $31,600, total assets of $311,500, cost of goods sold of $208,400 and a capital intensity ratio of 1.08. What is the accounts receivable turnover rate?Can you show me the formula that you used so I can learn from this.

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