Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
The following data are provided:

Additional information:
Depreciation included in cost of goods sold and operating expenses is $305,000.On May 1, 2011, 15,000 ordinary shares were issued.The preference share are cumulative.The preference dividends were not declared during 2011.
-The receivables turnover for 2011 is

A) 3,200 ÷ 400.
B) 2,100 ÷ 400.
C) 3,200 ÷ 350.
D) 2,100 ÷ 350.