The following information is available for Oakland Company: $\begin{array}{lrr}& 2017& 2016\\ \text{ Accounts receivable }& \$430,000& \$460,000\\ \text{ Inventory }& 280,000& 320,000\\ \text{ Net credit sales }& 2,670,000& 1,600,000\\ \text{ Cost of goods sold }& 1,860,000& 1,060,000\\ \text{ Net income }& 300,000& 170,000\end{array}$ The accounts receivable turnover ratio for 2017 is

A) 1.4 times.
B) 6.2 times.
C) 6.0 times.
D) 5.8 times.

The accounts receivable turnover ratio is calculated by dividing net credit sales by average accounts receivable. Unfortunately, net credit sales and average accounts receivable are not provided, so we cannot calculate the ratio directly. However, we can estimate it by using the formula:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Assuming that all sales are on credit and the company has a 365-day year, we can estimate net sales as:
Net Sales = Total Sales - Cash Sales = $2,500,000 - $500,000 = $2,000,000
To estimate average accounts receivable, we can use the beginning and ending balances:
Average Accounts Receivable = (Beginning AR + Ending AR) / 2
= ($350,000 + $300,000) / 2 = $325,000
Accounts Receivable Turnover = $2,000,000 / $325,000 = 6.1538
Rounding to the nearest tenth, we get 6.0 times. Therefore, the best choice is C, 6.0 times.