Martinez Piping Company manufactures PVC pipe. The company has provided the following selected financial information:

2020 2021

Accounts receivable $79,000 $59,000

Inventory 99,000 79,000

Total current assets 229,000 259,000

Total assets 589,000 469,000

Current liabilities 49,000 39,000

Total liabilities 159,000 139,000

Net credit sales 309,000 369,150

Cost of goods sold 204,000 230,400

Net income 65,000 71,000

(a)

What is Martinez' accounts receivable turnover for 2021? (Round answer to 2 decimal places, e.g. 52.75.)

a. Working capital $

b. Current ratio

c. Acid-test ratio

d. Accounts receivable turnover ____times