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SOUTH RIMS HAS AN ACCOUNTS RECEIVABLE BALANCE AT THE END OF 2018 OF $357,470. THE NET CREDIT SALES FOR THE YEAR ARE $769,346. THE BALANCE

SOUTH RIMS HAS AN ACCOUNTS RECEIVABLE BALANCE AT THE END OF 2018 OF $357,470. THE NET CREDIT SALES FOR THE YEAR ARE $769,346. THE BALANCE AT THE END OF 2017 WAS $325,300. WHAT IS THE ACCOUNTS RECEIVABLE TURNOVER RATE FOR 2018 (ROUNDED TO TWO DECIMAL PLACES)?

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