For Their Last Fiscal Year, the Short Company Reported the Following

Multiple Choice

For their last fiscal year, the Short Company reported the following information. $$\begin{array} { l l } \hline \text { Accounts } & \$ 160,000 \\\text { Receivable } & \\\text { Inventory } & \$ 204,000 \\\text { Sales } & \$ 1,168,000 \\\text { Cost of } & \$ 724,000 \\\text { Goods Sold } & \\\hline\end{array}$$ What is the accounts receivables turnover rate?

A) 4.5
B) 7.3
C) 0.8
D) 2.8