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The following information is available for Barkley Company: 2017 2016 Accounts receivable $ 360,000 $400,000 Inventory 280,000 320,000 Net credit sales 3,000,000 1,400,000 Cost of
The following information is available for Barkley Company:
| 2017 | 2016 | |||
|---|---|---|---|---|
| Accounts receivable | $ 360,000 | $400,000 | ||
| Inventory | 280,000 | 320,000 | ||
| Net credit sales | 3,000,000 | 1,400,000 | ||
| Cost of goods sold | 1,200,000 | 1,060,000 | ||
| Net income | 300,000 | 170,000 |
How much is the accounts receivables turnover for 2017?
3.9 times
10.0 times
8.3 times
7.9 times
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