Excerpts from Huckabee Company's December 31, 2013 and 2012, financial statements are presented below: 2013 2012 Accounts receivable 100,000 92,000 Merchandise inventory 78,000 92,000 Net sales 420,000 392,000 Cost of goods sold 260,000 240,000 Huckabee's 2013 receivables turnover (rounded to 2 decimal places) is: a. 4.20 b. 2.71 c. 3.06 d. 4.38