Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,800,000. The receivables turnover ratio was:
A) 8.0 times.
B) 8.3 times.
C) 8.5 times.
D) 7.9 times.
