Question 8 Waldron Inc. is considering selling to a group of new customers that will bring in credit sales of $24,000 with a return on sales of 5%. The only new investment will be in accounts receivable. Waldron has a turnover ratio of 6 to i between sales and accounts receivable. What is Waldron Inc's expected return on investment? a. 30% 6.25% C. 5% d. 0.896