Excerpts from Huckabee Company's December 31, 2018 and 2017, Financial

Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: $\begin{array}{lrr}&2018&2017\\\text { Accounts receivable } & \$ 80,000 & \$ 72,000 \\\text { Merchandise inventory } & 58,000 & 72,000 \\\text { Net sales } & 400,000 & 372,000 \\ \text { Cost of goods sold } & 240,000 & 220,000\end{array}$
-Huckabee's 2018 receivables turnover (rounded) is:

A) 3.69.
B) 5.00.
C) 5.26.
D) 3.16.

Correct Answer:

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