Partin Manufacturing has the following information available from its 12/31/12 and 12/31/11 financial statements:

	12/31/12			12/31/12
Cash	$ 12,000		Accounts payable	$ 10,000
Accounts receivable	6,000		Salaries payable	3,000
Inventory	40,000		Taxes payable	9,000
Prepaid insurance	2,000		Total current liabilities	$ 22,000
Total current assets	$ 60,000
			Notes payable	50,000
Property and equipment	80,000		Total long-term liabilities	$ 50,000
Land	20,000		Total liabilities	$ 72,000
Long-term assets	$100,000
			Capital stock	60,000
			Retained earnings	28,000
			Total stockholders' equity	$ 88,000
			Total liabilities and
Total assets	$160,000		stockholders' equity	$160,000

Other information:
Net income in 2012	$25,000
Inventory (12/31/11)	50,000
Credit sales in 2012	80,000
Cost of goods sold in 2012	45,000
Accounts receivable (12/31/11)	10,000

Refer to the Partin Manufacturing information above. Partin's accounts receivable turnover ratio for the year 2012 is: (round to two decimal places)

Select one:

a. 3.13 times.

b. 5.00 times.

c. 10.00 times.

d. 13.33 times.