The following information was taken from Lazy O Corporation financial statements as of the end of Year 2.

Cash $ 10,000 Accounts Receivable 35,000 Inventory 40,000 Accounts Payable 45,000 Unearned Revenue 25,000 Net sales 420,000 Cost of goods sold 270,000

Year 1 ending balance = $25,000 Year 1 ending balance = $50,000 Year 1 ending balance = $39,000

Lazy O's account receivable turnover ratio is: