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Crane Company had net credit sales of $5001000 and cost of goods sold of $3400000 for the year. The Accounts Receivable balances at the

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Crane Company had net credit sales of $5001000 and cost of goods sold of $3400000 for the year. The Accounts Receivable balances at the beginning and end of the year were $550000 and $1117000, respectively. The accounts receivable turnover was O 9.1 times. O 6.0 times. O 3.0 times. O 4.5 times.

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