ABC Company does 75% of its business during June, July, and August. The following information is available at December 31 , 2002 : Net sales $ 3,000,000 Receivables , less allowance of $ 16,000 at 144,000 January 1 , 2002 . Receivables , less allowance of $ 20,000 at 120,000 December 31 , 2002 The account receivable turnover ( in times ) computed for ABC Company at December 31 is : O None of these . overstated. representative for the entire year . or understated.