Towson Company prepared the tabulation below at December 31, 2017.

Net Income		$340,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense		$43,000
Increase in accounts receivable		$50,000
Decrease in inventory		$13,000
Amortization of patent		$4,000
Increase in accounts payable		$5,600
Decrease in interest receivable		$7,000
Increase in prepaid expenses		$6,000
Decrease in income taxes payable		$1,500
Gain on sale of land		$5,000
Net cash provided (used) by operating activities

Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

TOWSON COMPANY Partial Statement of Cash Flows
		$
Adjustments to reconcile net income to
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The following information pertains to Bramble Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets
Cash and short-term investments	$ 39000
Accounts receivable (net)	25000
Inventory	19000
Property, plant and equipment	213000
Total Assets	$296000
Liabilities and Stockholders Equity
Current liabilities	$ 61000
Long-term liabilities	87000
Stockholders equity-common	148000
Total Liabilities and Stockholders Equity	$296000
Income Statement
Sales revenue	$ 71000
Cost of goods sold	45800
Gross margin	25200
Operating expenses	20600
Net income	$ 4600
Number of shares of common stock	6200
Market price of common stock	$20
Dividends per share on common stock	0.90
Cash provided by operations	$29400

What is the accounts receivable turnover for this company?

2.24 times

1.44 times

2.84 times

2.44 times