Nu Plastics Has Accounts Receivable of $6,400, Inventory of $11,600

Multiple Choice

Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800, sales of $117,600, and cost of goods sold of $89,300. What is the net working capital turnover rate?

A) 6.09
B) 7.21
C) 7.60
D) 10.87
E) 11.20