Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's accounts receivable turnover for Year 2 is closest to:

A) 12.95
B) 1.02
C) 0.98
D) 13.06

Accounts Receivable Turnover

A financial metric indicating how often a company collects its average accounts receivable balance in a given period.

Financial Data

Information related to the financial performance and position of a company, such as balance sheets, income statements, and cash flow statements.

Sales On Account

Transactions where goods are sold and payment is agreed to be made at a later date.