Flint Enterprises reported the following: Net sales $220,820 Average trade receivables 122,000 Cost of goods sold 81,370 Average inventory 51,500 Average total assets 97,600 Average current liabilities 28,500 (a) Calculate the receivables turnover ratio of Flint Enterprises. (Round answer to 2 decimal places, e.g. 52.75.) Receivables turnover ratio :1