Cornerstone Co. Balance Sheet Accounts Bonds Payable Cash Accounts Recelvable Preferred Stock Accounts Payable Land Common Stock Inventory Retained Earnings Unearned Rent Revenue (to be earned in 2 months) Prepaid Insurance (3-month policy) Taxes Payable 12/31/17 $2,100 400 145 500 244 3,285 1,200 480 320 40 114 20 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 Insurance Expense Interest Expense Cost of Goods Sold Rent Revenue Net Sales Revenue Tax Expense Other Information 2018 Dividends to Common Shareholders 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 2018 Preferred Shares outstanding 2018 Stock Price All Sales on credit $40$200100sh50sh$100 Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the following questions. What is the 2018 Receivables Turnover Ratio? a. 15.63 b. 14.65 c. 3.66 d. 7.33 e. 10.99