Cornerstone Co Balance Sheet Accounts 12/31/18 12/31/17 $2,100 $2,100 Bonds Payable 400 392 Cash 128 145 Accounts Receivable 500 500 Preferred Stock 244 250 Accounts Payable 3,285 Land 3,285 1,200 Common Stock 1,200 Inventory 480 520 Retained Eamings 320 400 Unearned Rent Revenue (to be earned in 2 months) 40 28 Prepaid Insurance (3-month policy) 114 173 Taxes Payable 20 20 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 $60 nsurance Expense 32 Interest Expense 1,500 Cost of Goods Sold 25 Rent Revenue Net Sales Revenue 2,000 Tax Expense 27 Other Information 2018 Dividends to Common Shareholders $40 $200 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 100sh 50s 2018 Preferred Shares outstanding $100 2018 Stock Price All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the following question. What is the 2018 Receivables Turnover Ratio? Select one: a. 15.63 b. 14.65 c. 3.66 d. 7.33 e. 10.99