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The following data are taken from the financial statements of Ameren Company. 2020 2019 Accounts receivable (net), end of year $ 550,000 $ 510,000 Net

The following data are taken from the financial statements of Ameren Company.

	2020	2019
Accounts receivable (net), end of year	$ 550,000	$ 510,000
Net sales on credit	3,960,000	3,100,000

What is the average account receivable turnover rate for the year 2020?

Select one:

7.2 times

58.9 days

6.1 times

49.3 days

7.5 times

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