The following data are available for the Hunting Balloon Company:

Sales for the current year	$	1,500,000
Cost of goods sold for the current year		1,200,000
Accounts receivable, beginning of year		140,000
Accounts receivable, end of year		160,000

The accounts receivable turnover ratio for the current year is:

• 10.00

• 9.375

• 8.00

• 10.71