Given below are comparative statements of financial position (balance sheets) and an income statement for Eleva Corporation. Eleva Corporation Balance Sheets - Year 2 December 31 Cash $ 31,200 Accounts receivable 93,600 Inventory 65,000 Equipment (net) 114,400 Total $ 304,200 Accounts payable 52,000 Dividends payable 15,600 Long-term note payable 28,600 Capital stock, $5 par 145,600 Retained earnings 62,400 Total $ 304,200 January 1 $ 31,200 75,400 72,800 132,600 $ 312,000 57,200 7,800 28,600 145,600 72,800 $ 312,000 Eleva Corporation Income Statement For the year ended Year 2 Sales Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income $ 457,600 275,080 $ 182,520 151,736 $ 30,784 18,200 $ 12,584 All sales were made on account. Cash dividends declared during the year totaled $22,984. Eleva Corporation's accounts receivable turnover for Year 2 is closest to: Multiple Choice 4.63 times. 2.91 times. 5.42 times. 68 days