Excerpts from Huckabee Company's December 31, 2006 and 2005, financial statements are presented below: 2006 2005 Accounts Receivable 80,000 72,000 Merchandise Inventory 58,000 72,000 Net Sales 400,000 372,000 Cost of Goods Sold 240,000 220,000 Huckabee's 2009 receivables turnover is: A. 3.69. B. 5.00. C. 5.26. D. 3.16. Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/09 Currency and coins $650 Balance in checking account $2600 Customer checks waiting to deposited $1200 Treasury bills purchased on 11/1/09, mature on 4/30/10 $3000 Marketable equity securities $10,000 Commercial paper purchased on 11/1/09 mature on 1/30/10 $5,000 What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents? A.$9,450. B.$12,450. C.$ 7,450. D.$19,650