Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending…

43.(Points: 1) Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The company’s accounts receivable turnover was closest to:a. 5.00 times.b. 13.00 times.c. 10.00 times.d. 8.13 times. Save Answer44.(Points: 1) Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company’s average collection period (age of receivables) was closest to:a. 20.28 days.b. 28.39 days.c. 36.50 days.d. 56.78 days. Save Answer45.(Points: 1) Last year Javer Company had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. The company’s times interest earned was closest to:a. 10.00 times.b. 11.00 times.c. 5.30 times.d. 14.70 times.

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