On January 1, 2017 Hilldale, Inc. had total assets of $364,000. During the year, the company purchased new machinery worth $86,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $59,000 every month. Calculate the asset turnover ratio OA. 1.74 times B. 1.81 times C. 1.57 times O D. 1.03 times Interest is generally stated as a monthly rate on notes receivable O True O False At the beginning of 2018, Uptown Travel, Inc has the following account balances Accounts receivable $46,000 (Debit) Allowance for Bad Debts $8,000 (Credit) During the year, credit sales were $830,000. Cash collected on credit sales was $770.000, and $18,000 was written off. Uptown uses the aging-of- receivables method to record bad debts expense. The amount estimated as uncollectible was $27,000. The amount of Bad Debts Expense for 2018 is O A. $10,000 B. $27,000 O C. $9,000 O D. $37,000