Espat Corp.reported net sales (all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2016.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2016.Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2016?
A) 7.59
B) 10.32
C) 10.67
D) 11.03

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The Answer of Espat Corp.reported net sales (all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2016.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2016.Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2016?
A) 7.59
B) 10.32
C) 10.67
D) 11.03