The Elk Corporation has provided the following information:

Total sales were $$3,090,000.$

Beginning net accounts receivable was $$113,000.$

Ending net accounts receivable was $$164,500.$

Sales returns and allowances totaled $$223,000.$

What was Elk's receivables turnover ratio?

Multiple Choice

$20\mathrm{.}70$

$10\mathrm{.}70$

$23\mathrm{.}70$

$21\mathrm{.}00$