The opening balance of accounts receivable for george company was $25,000. net sales (all on account) for the year amounted to $200,000. the company doesn't offer any cash discount. during the year $180,000 was collected on accounts receivable. compute accounts receivable turnover for the year.
a. 5.7 times
b. 5.1 times
c. 4.4 times
d. 8.0 times