• Given the information below, answer questions from #29 to #33.

Accounts Receivable	$20,000 ($30,000 in the previous year)
Total Current Assets	$300,000
Investments	$50,000
Total Assets	$1,000,000
Total Current Liabilities	$100,000
Total Long-Term Debt	$400,000
Total Liabilities	$500,000
Net Income	$300,000
Total Revenue (Sales)	$900,000
Industry average: Current ratio	1
Industry average: Solvency ratio	2.5
Industry average: Profit margin ratio	35%

What is the Accounts Receivable Turnover (ART) ratio of this company?