-You Are Able to Obtain the Items in the Table

$\begin{array}{|l|l|l|}\hline \text { Item/year } & \mathbf{2 0 0 9} & \mathbf{2 0 1 0} \\\hline \text { Profit and lossitems } & \text { (in millions) } & \text { (in millions) } \\\hline \text { Net annual sales } & 2.325 & 3.351 \\\hline \text { Operating revenue } & 2.506 & 3.808 \\\hline \text { Operating profit before interest and tax } & 0.655 & 1.352 \\\hline \text { Interest expense } & 0.620 & 0.615 \\\hline \text { Total revenue } & 3.521 & 3.015 \\\hline \text { Cost of goods sold } & 1.300 & 1.205\\\hline \\\hline \text { Balance sheet items } & & \\\hline \text { Receivables } & 0.805 & 0.900 \\\hline \text { Inventory } & 0.515 & 0.611 \\\hline \text { Total Non-current assets } & 5.400 & 5.355\\\hline \end{array}$
-You are able to obtain the items in the table from a company's balance sheet and profit and loss for 2009 and 2010.Given this information,calculate the receivables turnover for the firm for 2010.

A) $2.338$
B) $3.931$
C) $3.997$
D) $4.066$

Correct Answer:

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