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What the number of times BBB accounts receivable

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Question - BBB Ltd has provided information from its financial statements for the year ended 30 June 2019.

Sales (all on credit) $950,000

Gross profit on sales 450,000

Net profit 75,000

Cost of sales 500,000

Inventory at start of year 75,000

Inventory at end of year 125,000

Accounts Receivable at start of year 225,000

Accounts receivable at end of year 275,000

The company trades 365 days per year. What the number of times BBB's accounts receivable turned over for 2019?

A) 2.0 times.

B) 5.0 times.

C) 3.8 times.

D) 1.8 times.

Reference no: EM132934669

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