Question 8 Jennie's Cat Supplies reported net credit sales of $3,200,000 and cost of goods sold of $2,600,000. On January 1, 2019, accounts receivable was $450,000. Amounts owed by customers increased by $50,000 during the year. Rounding to two decimal places, what is the company's accounts receivable turnover rate for 2019? 06.74 6,40 O 5.2 07.11 O 5.47