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The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the content year End of prior

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The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the content year End of prior End of current year Nese veel credit 51 320,000 Cost of goods sold $805.000 Coro $495,000 Slingerl expenses $200,000 expense 542.000 Net Income $175.000 Current $114 000 302.000 Logos 5511000 $460.000 Tutuses 25 000 5522.000 Current 550.000 $52.000 214.000 $245.000 Common ockholders equity 5290.000 $225.000 Total Babies and consequity $825.000 $522.000 Investored expens account for $30.000 of the current year's current assets Envittory for the betyr $58.250 Ancorable for the current year is $53000 There are 35.000 hores of controck outstanding The proper of conon stockis 5.20 during the 17.000 Ways in recewables for the current year? End of prior year Net sales revenue (all credit) Cost of goods sold Gross profit Selling general expenses Interest expense Net Income End of current year $1,320,000 $825,000 $495.000 $280,000 $42,000 $173,000 Current assets $113,000 $82,000 Long-term assets $512,000 $440,000 Total assets $625,000 $522,000 Current liabilities $57,000 $52,000 Long-term liabilities $275,000 $245,000 Common stockholders' equity $293.000 $225,000 Total liabilities and stockholders' equity $625,000 $522.000 Inventory and prepaid expenses account for $30,000 of the current year's current assets. Average inventory for the current year is $36,250. Average net accounts receivable for the current year is $46,000. There are 35,000 shares of common stock outstanding. Total dividends paid during the current year were $17,000. The market price per share of common stock is $20. What is the accounts receivable turnover for the current year

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