Millward Corporation's books disclosed the following information for the year ended December 31, 2008:

Net credit sales ....................................	$1,500,000
Net cash sales ......................................	240,000
Accounts receivable at beginning of year ............	200,000
Accounts receivable at end of year ..................	400,000

Millward's accounts receivable turnover is

	3.75 times.
	4.35 times.
	5.00 times 5.80 times