South Rims has an accounts receivable balance at the end of 2018 of $357,470. The net credit sales for the year are $769,346. The balance at the end of 2017 was $325,300. What is the accounts receivable turnover rate for 2018 (rounded to two decimal places)?
A. 2.02 times
B. 2.25 times
C. 2.15 times
D. 1.13 times
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Principles of Management