eBook Calculator Print Item Use the following financial statement information from Black Water Industries BLACK WATER INDUSTRIES Ending Accounts Year 2017 Net Credit Sales Receivable $690,430 $335,250 2018 705,290 365,450 2019 772,500 405,650 A. Compute the accounts receivable turnover ratios for 2018 and 2019. Round your answers to two decimal places. 2018 times 2019 times B. Using the accounts receivable turnover, choose the statement that most closely describes the company's management of its receivables a. The company's lending policies may be too strict b. Collection efforts are not aggressive enough. C. There may be uncollectable receivables affecting the beginning and ending balances d. All of the above statements may be correct