Missoula Incorporated reported the following selected financial statement data: December 31, 2023 December 31, 2024 Cash Accounts receivable (net) $ 49,000 67,000 $ 60,500 90,000 Inventory 87,000 91,000 Plant assets (net) 229,000 256,000 Total assets 462,000 433,000 Liabilities 164,000 164,000 Shareholders' equity 298,000 269,000 Net sales 551,000 628,000 Cost of goods sold 239,000 318,000 Net income 39,000 63,000 Required: Compute the receivables turnover ratio for 2024. Receivables turnover ratio