JAMB Principles of Accounts 1994 Question 43

The accounts of Buba (Nig.) Plc showed the following for the year ended December 31, 1993:
Gross sales ₦219 900
Sales returns and allowances ₦4 900
Net sales ₦215 000
Accounts receivable (net): 1/1/93 ₦20 000; 31/12/93 ₦30 000
The turnover of accounts receivable is

1. A.6.14 times per year
2. B.8.14 times per year
3. C.8.60 times per year
4. D.8.64 times per year.