Fargo, Inc Fargo's Receivables Turnover Is
A) 7

Multiple Choice

Fargo, Inc. disclosed the following information as of and for the year ended December 31, 2015: $$\begin{array} { l r } \text { Net cash sales } & 600,000 \\\text { Net credit sales } & 960,000 \\\text { Inventory at beginning } & 100,000 \\\text { Inventory at end } & 150,000 \\\text { Net income } & 30,000 \\\text { Accounts receivable at beginning of year } & 110,000 \\\text { Accounts receivable at end of year } & 130,000\end{array}$$ Fargo's receivables turnover is

A) 7.4 to 1.
B) 8.0 to 1.
C) 12.0 to 1.
D) 13.0 to 1.