The following information pertains to Skysong, Inc. 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	$ 61000
Accounts receivable (net)	28000
Inventory	43000
Property, plant and equipment	228000
Total Assets	$360000
Liabilities and Stockholders Equity
Current liabilities	$ 65000
Long-term liabilities	90000
Stockholders equitycommon	205000
Total Liabilities and Stockholders Equity	$360000
Income Statement
Sales revenue	$120400
Cost of goods sold	49000
Gross profit	71400
Operating expenses	30000
Net income	$ 41400
Number of shares of common stock	10000
Market price of common stock	$28
Dividends per share on common stock	5.5
Cash provided by operations	$42000

What is the accounts receivable turnover for this company?

4.3 times

3.7 times

3.9 times

2.9 times