At December 31, 2019, Oriole Medical reported the following information on its statement of financial position. Accounts receivable R$952,800 Less: Allowance for doubtful accounts 80,600 During 2020, the company had the following transactions related to receivables. 1. Sales on account R$3,687,900 2. Sales returns and allowances 49,400 3. Collections of accounts receivable 2,807,700 4. Write-offs of accounts receivable deemed uncollectible 91,000 5. Recovery of bad debts previously written off as uncollectible 26,600 Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, e.g. 25.25.) Accounts receivable turnover ratio 2.89 times