Consider the following financial data of Eastlake Service Industries from the past year.

Gross income                           X

Total sales                                Y

Total annual credit sales Z         

Net income                               W

Cost of goods sold                   V

Total assets                              T

Average inventory value             L

Average account receivables     K

Considering the data mentioned above, which of the following is the correct expression for the receivables turnover ratio of Eastlake Service Industries? 

• K/L

• Y/T

• Z/K

• V/L

best answer