Smay Corporation Has Provided the Following Data The Accounts Receivable Turnover for This Year Is Closest To

Multiple Choice

Smay Corporation has provided the following data:
$\begin{array}{lll}&\text { This Year}&\text { Last Year }\\\text { Accounts receivable ....... } & \$ 107,000 & \$ 108,000 \\\text { Inventory ..................... } & \$ 179,000 & \$ 187,000 \\\text { Sales on account .......... } & \$ 654,000 & \\\text { Cost of goods sold.......... } & \$ 461,000 &\end{array}$ The accounts receivable turnover for this year is closest to:

A) 1.01
B) 0.99
C) 6.08
D) 6.11