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For the year ended December 31, 20X1, Garland Industries reported Net Sales in the amount of $1,200,000, compared to $1,000,000 in 20X0. Garland only sells on credit to wholesale distributors. Accounts receivable at the end of those two years were $100,000 and $160,000, respectively. What was the accounts receivable turnover for 20X1 (rounded to the nearest hundredth)?


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