An extremely high accounts receivable turnover might indicate that A. policies for extending credit to customers are too tight B. the company is unsuccessful in its efforts to collect cash from customers C. net credit sales for the year have been understated D. accounts receivable balances have been overstated Refer to the following trend analysis of Pathways Company: Net sales Percentages 2021 2020 2019 $4,970 $4,500 2018 $3,980 $3,270 2017 2016 $4,750 $4,400 113.0% 102.3% 90.5% 74.3% 108.0% 100.0% Which of the following is a correct conclusion from the above analysis? OA. Net sales in 2020 were 2.3% higher than 2016 net sales. B. Net sales in 2020 were equal to 102.3% of net sales for the previous year. OC. Net sales in 2020 were up 2.3% over the previous year. OD. Net sales in 2020 were down 90.5% from year 2016. Current assets for Distributions Inc. are $260,000 and total assets are $600,000. Current liabilities are $170,000 and total liabilities are $300,000. Included in the current assets are merchandise inventory and prepaid expenses of $25,000 and $15,000, respectively. What is the acid-test ratio? Round to two decimal places OA. 1.53 OB. 1.29 OC. 0.87 OD. 1.15