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Beginning of the year Accounts recievable balance was $ 1 8 , 3 0 0 . Net sales ( all on account ) for the

Beginning of the year Accounts recievable balance was $18,300.
Net sales (all on account) for the year was $106,200. Bonita does not offer cash discounts.
Collections on Accounts Recievable during the year were $82,900.
Bonita is planning to factor some accounts receivable at the end of the year. Accounts totalling $12,300 will be transferred to Credit Finance, inc. with recourse. Credit Finance will retain 5% of the balances for probable adjustments and assesses a finance charge of 4%. The fair value of the recourse obligation is $1,052.
Compute Bonita's accounts recevable turnover for the year, assuming the receivables are sold.
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