29. It takes Kate's Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable. The firm has sales of $942,300 and costs of goods sold of $692,800. What is the accounts receivable turnover rate? Assume a 365-day year. A. 23.69 B. 11.41 C. 21.73 D. 24.23 E. 19.55 30. Whitt's BBQ has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of 78. What is the total asset turnover rate? A. 1.04 B. 1.08 C. 1.13 D. 1.43 1 E. 1.28