34) The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2020 and 2019:

	2020	2019
Cash	$ 10,000	$ 15,000
Net accounts receivable	30,000	25,000
Inventory	43,000	40,000
Prepaid expenses	5,000	7,000
Total current assets	88,000	87,000
Total non-current assets	112,000	114,000
Total current liabilities	70,000	60,000
Total non-current liabilities	40,000	45,000
Common shares	60,000	60,000
Retained earnings	30,000	36,000
Net credit sales	370,000	333,000
Cost of goods sold	150,000	160,000
Gross margin	220,000	173,000
Income from operations	95,000	87,000
Interest expense	8,000	8,000
Net income	70,000	57,000

10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2019, and they were selling for $91.50 on December 31, 2020.

Refer to the table above. The accounts receivable turnover for Hot Rolled Corporation for the year ended December 31, 2020, was:

A) 13.45

B) 13.32

C) 12.33

D) 12.11