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The following information is available for Sunland Company: 2017 2016 Accounts receivable (net) $ 420000 $ 430000 Inventory 320000 400000 Net credit sales 2550000 1590000

The following information is available for Sunland Company:

2017 2016
Accounts receivable (net) $ 420000 $ 430000
Inventory 320000 400000
Net credit sales 2550000 1590000
Cost of goods sold 1900000 1010000
Net income 350000 200000

The accounts receivable turnover ratio for 2017 is:

image text in transcribed

1.3 times. 6.0 times. 5.9 times. 6.1 times

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