Based on the Following Data for the Current Year, Determine

Multiple Choice

Based on the following data for the current year, determine the accounts receivable turnover? $\begin{array}{ll}\$ 525,500 & \text { Net sales on account during the year } \\375,000 & \text { Cost of merchandise sold during the yeat } \\50,000 & \text { Accounts receivable, be ginning of year } \\40,000 & \text { Accounts receivable, end of year } \\110,000 & \text { Inventory, be ginning of year } \\140,000 & \text { Inventory, end of year }\end{array}$

A) 13.14
B) 11.7
C) 10.35
D) 8.3