Use the following information to answer questions (3,4,5) The following data is for Omars Company for the years ended June 30,2019 and 2020 : For 2019: Net Sales = 20,200 End of Year receivables, net = 2850 Beginning of year receivables , net = 2950 For 2020: Net Sales = 21,500 End of year receivables , net = 3200 Allowance for doubtful accounts : End of 2020 = 85 End of 2019 = 80 End of 2018 = 75

3.Average gross receivables for 2019 equals:Required to answer. Single choice.

(2 Points)

2980

2977.5

2975

2980.5

4.Average gross receivables for 2020 equals:Required to answer. Single choice.

(2 Points)

3007.5

3100

3110

3107.5

5.Accounts receivables turnover for 2020:Required to answer. Single choice.

(3 Points)

6.60

6.78

6.789

6.777