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The following information is available: Net accounts receivable, December 31, 2015 $394,200 Net accounts receivable, December 31, 2016 435,900 Net credit sales for 2015 3,521,400

The following information is available:

Net accounts receivable, December 31, 2015 $394,200

Net accounts receivable, December 31, 2016 435,900

Net credit sales for 2015 3,521,400

Net credit sales for 2016 3,795,300

The receivables turnover ratio for 2016 is closest to:

A. 8.93 times

B. 8.48 times

C. 8.71 times

D. 9.14 times

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