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tata from Hook Company's December 31, 2013 and 2012, financial statements are presented below: 2013 2012 Accounts receivable $40,000 $36,000 Merchandise Inventory 28,000 35,000 Net
tata from Hook Company's December 31, 2013 and 2012, financial statements are presented below:
2013 2012
Accounts receivable $40,000 $36,000
Merchandise Inventory 28,000 35,000
Net Sales 190,000 186,000
Cost of goods sold 114,000 108,000
Total Assets 425,000 405,000
Total shareholders Equity 240,000 225,000
Net Income 32,500 28,000
Hook's 2013 receivables turnover is:
A.
2.85.
B.
4.70.
C.
5.00.
D.
10.63.
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