Mei-kwei International's common stock sold for $5.80 per share at the end of this year. The company paid preferred stock dividends totalling $4,400 and a common stock dividend of $1.24 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Preferre ck Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $1,095,000 $ 635,100 $ 459,900 $ 313,875 $ 15,500 $ 102,000 Accounts receivable turnover Ending Balance Required: What is the accounts receivable turnover? (Round your answer to 2 decimal places.) Bec Ba $ $ 49,000 $ 92,000 $ 76,300 $ 217,300 $ 801,000 $ 85,500 $ 206,000 $ 51,000 $ 114,000 $ 595,000 $ $ 801,000 $ SSSSSSSSS $ $ $ $ $ $ $ $

Mei-kwei International's common stock sold for $5.80 per share at the end of this year. The company paid preferred stock dividends totalling $4,400 and a common stock dividend of $1.24 per share this year. It also provided the following data excerpts from this year's financial statements: Required: What is the accounts receivable turnover? (Round your answer to 2 decimal places.) International's common stock sold for $5.80 per share at the end ar. The company paid preferred stock dividends totalling $4,400 nmon stock dividend of $1.24 per share this year. It also provided ving data excerpts from this year's financial statements