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-You Are Able to Obtain the Items in the Table

question 14

Multiple Choice

 Item/year 20092010 Profit and lossitems  (in millions)   (in millions)   Net annual sales 2.3253.351 Operating revenue 2.5063.808 Operating profit before interest and tax 0.6551.352 Interest expense 0.6200.615 Total revenue 3.5213.015 Cost of goods sold 1.3001.205 Balance sheet items  Receivables 0.8050.900 Inventory 0.5150.611 Total Non-current assets 5.4005.355\begin{array}{|l|l|l|}\hline \text { Item/year } & \mathbf{2 0 0 9} & \mathbf{2 0 1 0} \\\hline \text { Profit and lossitems } & \text { (in millions) } & \text { (in millions) } \\\hline \text { Net annual sales } & 2.325 & 3.351 \\\hline \text { Operating revenue } & 2.506 & 3.808 \\\hline \text { Operating profit before interest and tax } & 0.655 & 1.352 \\\hline \text { Interest expense } & 0.620 & 0.615 \\\hline \text { Total revenue } & 3.521 & 3.015 \\\hline \text { Cost of goods sold } & 1.300 & 1.205\\\hline \\\hline \text { Balance sheet items } & & \\\hline \text { Receivables } & 0.805 & 0.900 \\\hline \text { Inventory } & 0.515 & 0.611 \\\hline \text { Total Non-current assets } & 5.400 & 5.355\\\hline \end{array}
-You are able to obtain the items in the table from a company's balance sheet and profit and loss for 2009 and 2010.Given this information,calculate the receivables turnover for the firm for 2010.


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