Page 7 ge inventory on hand of $90,000 and its average days in inventory is 36.5 days. What is the cost of goods sold? A) $2,106,000 B) $2,102,400 C) $1,051,200 D) $900,000 43. The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $ 40,000 25,000 20,000 $295,000 Liabilities and Stockholders' Equity $60,000 85,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $295,000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $85,000 40,000 $ 20,000 45 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6,000 $20 0.90 $30,000 What is the accounts receivable turnover for this company? A) 2.8 times B) 2 times C) 3.4 times D) 3 times