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

Multiple Choice

Bonine Corporation has provided the following data: $\begin{array}{lrr}&\text { This Year } & \text { Last Year } \\\text {Accounts receivable }&\$ 88,000 & \$ 106,000 \\\text { Inventory}&\$ 178,000 & \$ 191,000 \\\text {Sales on account }&\$ 867,000 & \\\text {Cost of goods sold }&\$ 685,000 &\end{array}$

The accounts receivable turnover for this year is closest to:

A) 0.83
B) 8.94
C) 9.85
D) 1.20