The following selected information is from Acme's annual report for the years ended December 31:

Refer to the Acme annual report above. Calculate the accounts receivable turnover ratio for 2010.

2012 2011 2010 Sales Cost of goods sold Operating expenses Interest expense Net income $44,000 24,000 7,000 1,000 $12000 $ 29,300 15,000 6,000 300 $8,000 $ 23,200 12,000 5,000 200 $6,000 Accounts receivable Inventory Accounts payable 5,000 9,000 6,000 3,000 5,000 4,500 2,000 3,000 3,500 4.9 times 2.7 times 3.4 times The answer cannot be determined from the information given