GMC Hardware Store had net credit sales of $7,500,000 and cost of goods sold of $6,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $760,000, respectively. The accounts receivable turnover was Select one: a. 8.8 times b. 12.5 times c. 9.7 times d. 11 times