Wilson,Inc Calculate Accounts Receivable Turnover Ratio Form 2017

Wilson,Inc.provides the following data: $$\begin{array} { | l | r | r | } \hline & \underline { 2017 }& \underline { 2016 } \\\hline \text { Cash } & \$ 41,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 128,000 & 62,000 \\\hline \text { Merchandise Inventory } & 71,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 195,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 435,000 & \$ 257,000 \\\hline\end{array}$$ $$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 280,000 \\\hline \text { Cost of Goods Sold } & ( 130,000 ) \\\hline \text { Gross Profit } & \$ 150,000 \\\hline\end{array}$$ Calculate accounts receivable turnover ratio form 2017.(Round your answer to two decimal places. )

A) 5.60 times
B) 3.40 times
C) 2.95 times
D) 2.19 times