Spirit Corp.reported net sales (all on credit)of $1,600,000 and cost of goods sold of $1,100,000 for 2014.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2014.Rounded to two decimal places,what is Spirit's accounts receivable turnover rate for 2014?

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The Answer of Spirit Corp.reported net sales (all on credit)of $1,600,000 and cost of goods sold of $1,100,000 for 2014.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2014.Rounded to two decimal places,what is Spirit's accounts receivable turnover rate for 2014?