Accounts Receivable Balances At The Beginning 547953

Parr Hardware Store had net credit sales of $6,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. The receivables turnover was:

a.7.7 times.

b.10.8 times.

c.9.3 times.

d.10 times.