The accounts receivable balance of Venice Company was $418,000 on January 1 and $482,000 on December 31. The inventory balance was $135,000 on January 1 and $120,000 on December 31. The net income for the year was $280,000, the net credit sales were $820,000, and the cost of goods sold was $185,000. What was Venice's accounts receivable turnover for the period? a. 1.8 b. 0.8 c. 2.3 d. .53