The following information pertains to Vaughn Manufacturing. 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	$ 47500
Accounts receivable (net)	35600
Inventory	27900
Property, plant and equipment	210000
Total Assets	$321000
Liabilities and Stockholders Equity
Current liabilities	$ 52900
Long-term liabilities	80300
Stockholders equitycommon	187800
Total Liabilities and Stockholders Equity	$321000
Income Statement
Sales revenue	$128160
Cost of goods sold	60520
Gross margin	67640
Operating expenses	33500
Net income	$ 34140
Number of shares of common stock	5700
Market price of common stock	$18
Dividends per share on common stock	6.8
Cash provided by operations	$37000

What is the accounts receivable turnover for this company?

6.7 times

3.6 times

1.7 times

3.4 times