Answer:
C. 16.1 times
Step-by-step explanation:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($1,198 + $1,272) ÷ 2
= $1,235 million
And, the net credit sale is $ 19,829 million
Now put these values to the above formula
So, the answer would be equal to
= $19,829 million ÷ $1,235 million
= 16.1 times