The accounts receivable turnover for Year 2 is: (Round your answer to 2 decimal places.)

5.61

5.81

0.97

0.83

artzog Corporatlon's most recent balance sheet and Income statement appear below: Statement of Financial Position December 3 Year 2 and Year 1 (In thousands of dollars) Assets Current assets Cash 200 170 280 260 Accounts recelvable Inventory 150 160 60 60 Prepaid expenses Total current assets 690 650 Plant and equlpment, net 610 620 31300 $1,270 Total assets ILIablitles and Stockholders Equty Current lab lties: Accounts payable S 220 190 Accrued labillties 40 40 Notes payable, short term 100 100 Total current liablitl 360 330 130 50 Bond payable Total liablites 490 480 ders' equity Preferred stock, $100 par value, 1.0% 100 1000 Common stock. S2 par value 400 400 160 160 I pald-In-Capital--Common Stock 50 130 Retained earnings Total ckholders' equity 810 790 Total liablites & Stockholders equity 31300 $1220 Income Statement For the Year Ended December 31, Year 2 (In thousands of dollars) $1.570 Sales (all on account) Cost goods sold 850 Gross margin 720 65 Selling and administrative expense Net Operating Income 105 Interest expense 47 58 me before taxes Income taxes 30% 17 S 41 Net Income DIvidends on common stock durIng Year 2 totaled $20 thousand. DMldends on preferred stock totaled $1 thousand. The market price of common stock at the end of Year 2 was $6.97 per share. The accounts receivable turnover for Year 2 s: (Round your answer to 2 decimal places.)