At December 31, 2019, Pharoah Co. reported the following information on its balance sheet.

Accounts receivable		$967,500
Less: Allowance for doubtful accounts		81,000

During 2020, the company had the following transactions related to receivables.

1.		Sales on account		$3,733,800
2.		Sales returns and allowances		48,200
3.		Collections of accounts receivable		2,800,200
4.		Write-offs of accounts receivable deemed uncollectible		90,400
5.		Recovery of bad debts previously written off as uncollectible		27,550

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

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