Dalance sheet December 31, 20XX Assets Current Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets Investments Plant and Equipment (net) Total Assets Liabilities and Shareholder's Equity Current Liabilities Accounts payable Notes Payable Accrued Expenses. Total Current Liabilities $ 55,000 20,000 170,000 210,000 455,000 65,000 430,000 950,000 95,000 70,000 10,000 175,000 Long-term Liabilities Bonds Payable 160,000 335,000 Total Liabilities Shareholders' Equity Preferred Stock 100,000 Common Stock 285,000 7 Retained Earnings 230,000 Total Shareholders' Equity 615,000 Total Liabilities and Shareholder's Equity $ 950,000 Calculate the Receivables Turnover for Robinson Corporation $ $ income statement Year Ending December 31, 20XX Sales Cost of Goods Sold Gross Profit Selling and Administrative expenses Operating Profit (EBIT) Interest Expense Earnings before taxes (EBT) Taxes Earnings after Taxes S&A includes $ 40,000 in lease payments $ 2,080,000 1,300,000 780,000 500,000 280,000 25,000 255,000 80,000 $ 175,000