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The financial data of a firm during the past year is as follows: (all values are in millions of dollars) Gross income: 18.7 Total sales:

The financial data of a firm during the past year is as follows: (all values are in millions of dollars)

Gross income: 18.7

Total sales: 14.1

Total credit sales: 8.3

Net income: 2.9

Cost of goods sold: 8.7

Total assets: 13.9

Average inventory: 1.7

Average receivables: 1.1

Compute the receivable turnover ratio.

(Provide 2 decimal digits)

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