Jawad Co. had the following balances on Dec31, 2020 which appeared in its financial statements: cash $ 17000, accounts receivable $ 13000, prepaid rent $ 10000, inventory $ 15000, building (net) $ 50000, equipment (net) $40000, accounts payable $20000, salaries payable $ 10000, bonds $60000, share capital $55000, net sales $200000, cost of goods sold $ 80000, administrative and selling expenses $ 60000, paid interest $10000, tax $ 10000 Compute the receivable Turnover (60% of sales on credit) ratio: Select one: O a. There is no correct answer O b. 15.38 O C. 7.63 d. 9.23