The following information pertains to Sheridan 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 Accounts receivable (net) Inventory Property, plant and equipment Total Assets $ 40000 26000 19000 208000 $293000 Liabilities and Stockholders' Equity Current liabilities $61000 Long-term liabilities 86000 Stockholders' equity-common 146000 Total Liabilities and Stockholders' Equity $293000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $ 78000 44200 33800 21000 $ 12800 6300 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $20 0.90 $30300 What is the accounts receivable turnover for this company? O 2.40 times 1.60 times O 3.00 times 2.60 times