For Their Last Fiscal Year, Edelman, Inc What Is the Accounts Receivables Turnover Rate?
A) 7

Multiple Choice

For their last fiscal year, Edelman, Inc. reported the following information: $$\begin{array} { l r } \text { Accounts Receivable } & \$ 320,000 \\\text { Inventory } & \$ 408,000 \\\text { Sales } & \$ 2,336,000 \\\text { Cost of Goods Sold } & \$ 1,448,000\end{array}$$ What is the accounts receivables turnover rate?

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