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What the Huckabee receivables turnover

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Reference no: EM132734176

Question - Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below:

 

2018

2017

Accounts receivable

$98,000

$90,000

Merchandise inventory

76,000

90,000

Net sales

418,000

390,000

Cost of goods sold

258,000

238,000

Required - What the Huckabee's 2018 receivables turnover?

a. 4.27.

b. 4.45.

c. 2.74.

d. 3.11.

e. None of the above.

Reference no: EM132734176

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