Calculate A/R turnover for Bloom Greenhouses for the December 31, 2020 year-end.

a. 2.78 times

b. 0.36 times

c. 1.67 times

d. 4.16 times

Use the following financial information to answer question.

Bloom Greenhouses has the following financial information for its December 31, 2020 year-end:

Average A/P ................................................................... 150,000
Average A/R ................................................................... 180,000
Average Inventory ........................................................ 100,000
Cash ............................................................................... 120,000
Cost of Goods Sold ....................................................... 200,000
Net Sales ........................................................................ 500,000