Beginning of the year Accounts Receivable balance was $15,000.

Net sales were $100,000

Collections on accounts receivable during the year were $70,000.

Jones is planning to factor some accounts receivable at the end of the year. Accounts totaling $25,000 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 5% of the balances for probable adjustments and assesses a finance charge of 4%. The fair value of the recourse obligation is $1,200.

Compute Joness accounts receivable turnover for the year, assuming the receivables are sold.