Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:

		2021			2020
Accounts receivable	$	82,000		$	66,000
Inventory		89,000			72,000
Net sales (all credit)		470,000			377,000
Cost of goods sold		264,000			220,000
Total assets		825,000			755,000
Total stockholders' equity		485,000			445,000
Net income		76,000			52,000

TPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place.)

A) 6.4 times.

B) 0.2 times.

C) 1.1 times

D) 5.7 times