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The financial data of a firm during the past year is as follows: (all values are in millions of dollars)
Gross income: 17.6
Total sales: 14.2
Total credit sales: 7.9
Net income: 3.2
Cost of goods sold: 6.5
Total assets: 18.4
Average inventory: 1
Average receivables: 1.7
Compute the receivable turnover ratio.
(Provide 2 significant digits)
Prescott industries transports sand and stone extracted
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