Peartree Company Provides the Following Data Additional Information:
• Net Sales (All on Account): $240 000

Multiple Choice

Peartree Company provides the following data: $$\begin{array} { | l | r | r | } \hline \text { BALANCE SHEET } & 31 \text { Dec } 2017 & 31 \text { Dec } 2016 \\\hline \text { Cash } & \$ 21000 & \$ 18000 \\\hline \text { Accounts receivable, net } & 31000 & 35000 \\\hline \text { Inventory } & 53000 & 25000 \\\hline \text { PP\&E, net } & 120000 & 90000 \\\hline \text { Total assets } & \$ 225000 & \$ 168000 \\\hline\end{array}$$ Additional information:
• Net sales (all on account) : $240 000
• Cost of sales: $110 000
How much is the accounts receivable turnover for 2017?

A) 7.07
B) 1.55
C) 7.27
D) 0.76