What xyz receivables turnover ratio is

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XYZ company presented the following financial information for December 31, 2018 and 2017.

                                                                    2018                          2017

Accounts receivable                            $40,000               $36,000

Inventory                                            28,000                  35,000

Net sales                                            190,000                  186,000

Cost of goods sold                                   114,000                108,000

Total assets                                              425,000               405,000

Total stockholders' equity                              240,000              225,000

Net income                                                  32,500                28,000

Problem 1: XYZ's 2018 receivables turnover ratio is:

Select one:

a. 4.70

b. 5

c. 10.63

d. 2.85

Reference no: EM132796252

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