if the receivables balance at 1/1/2019 is $80,000 and at 31/12/2019 is $70,000. if credit sales is $1,200,000. the average receivable turnover is

a.

16 times

b.

15 times

c.

58.4 times

d.

17.14 times

In 2010 Jackson Corporation reported income from operations $180,000, interest expense $50,000, and income tax expense $40,000. Jacksons times interest covering ratio was:

a.

5.4 times.

b.

4.6 times.

c.

3.6 times.

d.

4.4 times.