Assume 3M Company reports the following financial statement amounts in its 2016 10-K report.

($ millions)	Sales	Cost of Goods Sold	Receivables, net	Inventories	PPE, net
2014	$18,232	$9,285	$2,714	$1,816	$5,609
2015	20,011	9,958	2,792	1,897	5,711
2016	21,167	10,381	2,838	2,162	5,593

Compute the receivables turnover ratios for both 2015 and 2016.

Select one:

A. 2015: 7.17 2016: 7.46

B. 2015: 7.27 2016: 7.52

C. 2015: 3.54 2016: 3.69

D. 2015: 3.57 2016: 3.66