An analyst has gathered the following information about a company: Balance Sheet Assets Cash 100 Accounts Receivable 750 Marketable Securities 300 Inventory 850 Property, Plant & Equip 900 Accumulated Depreciation (150) Total Assets 2750 Liabilities and Equity Accounts Payable 300 Short-Term Debt 130 Long-Term Debt 700 Common Stock 1000 Retained Earnings 620 Total Liab. and Stockholder's equity 2750 Income Statement Sales 1500 COGS 1100 Gross Profit 400 SG&A 150 Operating Profit 250 Interest Expense 25 Taxes 75 Net Income 150 What is the receivables turnover ratio? 0.5. 1.0. 2.0.
