Powers Company reported Net sales of $1,300,000 and average Accounts Receivable, net of $68,500. The accounts receivable turnover ratio is:

36.0 times.

20.0 times.

18.0 times.

0.53 times.

19.0 time

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2.

	Year 2	Year 1
Net sales	$ 479,500	$ 426,450
Cost of goods sold	276,500	250,320
Interest expense	9,900	10,900
Net income before tax	67,450	52,880
Net income after tax	46,250	40,100
Total assets	317,500	289,200
Total liabilities	180,400	167,500
Total equity	137,100	121,700

1.32.

1.76.

2.32.

3.50.

0.76.