7) The accounts receivable turnover at December 20X5 was:

a) Between 1.18 and 2.35

b) Equal or below 1.17

c) Between 2.36 and 4.72

Additional Information: 1. Operating expenses include depreciation expense of $10,000 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $12,500 was sold at a loss of $2,500 4. New equipment was purchased during the year for $8,500 5. Dividends declared and paid in 205 totalled $3,000 6. Common shares were sold for $12,000 cash 7. Interest payable in 205 was $800 greater than interest payable in 204 Seaforce Manufacturing Inc. comparative balance sheet at December 31205 Round answers to fit 2 decimal places in all questions (in \% questions a 0.12 is presented as 12%, so a 0.124 is rounded as 12% and 0.127 is rounded as 13% ) The accounts receivable turnover at December 205 was