The following information pertains to Ayayai Garden Supply Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets

Cash and short$-$term investments $$56300$

Accounts receivable $($net$)37500$

Inventory $31300$

Property, plant, and equipment $262500$

Total Assets $$387600$

Liabilities and Stockholders$$ Equity

Current liabilities $$75000$

Long$-$term liabilities $118800$

Stockholders$$ equity$$common $193800$

Total Liabilities and Stockholders$$ Equity $$387600$

Income Statement

Sales revenue $$138750$

Cost of goods sold $78900$

Gross margin $59850$

Operating expenses $35910$

Net income $$23940$

Number of shares of common stock $7500$

Market price of common stock $$20$

Dividends per share on common stock $0\mathrm{.}50$

Cash provided by operations $$41900$

What is the accounts receivable turnover for this company?

Select answer from the options below

$4\mathrm{.}2$ times

$2\mathrm{.}1$ times

$3\mathrm{.}7$ times

$7\mathrm{.}3$ times