Ans :- (C) :- 2.82 times
-->> Account receviable turnover ratio
= Net Credit Sales / Average Accounts receviable
• Net Credit Sales = $ 240,000 ( given)
• Average Accounts receviable = 108,000 + 62,000 / 2
= $ 85,000
-->> turnover ratio = $ 240,000 /$ 85,000
= 2.82 times
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