The following data pertain to the financial statements of Victory Corp. for 2016:

Jan. 1, 2016 Dec. 31, 2016

Assets

Cash P 25,000 P 37,500

Accounts receivable 62,500 62,500

Inventory 175,000 325,000

Building 1,250,000 1,125.000

Liabilities

Accounts payable P 50,000 P 50,000

Bonds payable 187,500 187,500

Equity

Common stock P1,000,000 P1,000,000

Retained earnings 265,000 300,000

No. of shares of common stock outstanding

Net sales - Cash P250,000

Credit 750,000

Net income before dividends 125,000

Dividends paid 25,000

The accounts receivable turnover for the year 2016 is

A. 6.0 times C. 12.0 times

B. 8.6 times D. 16.0 times

The asset turnover for the year 2016 is

A. 0.65 times C. 12.25 times

B. 1.19 times D. 15.31 times.

The rate of return on shareholders' equity for the year 2016 is

A. 6.5% C. 8.2%

B. 7.8% D. 9.7%