ABC Company's Financial information for 2016 and 2017, are given below. 2017 2016 Cash $ 50,450 $ 28,538 Marketable Securities 25,000 20,500 Net Accounts Receivable, (allowance of $10,000) 60,000 Inventory 98,000 50,000 77,000 $176,038 Total Current Assets $233,450 Current Liabilities: Accounts Payable Accrued Compensation $ 35,000 $ 30,000 15,000 13,000 Total Current Liabilities $ 50,000 $ 43,000 ** If the cost of goods sold for 2017 is $100,000 and net sales for year 2016 and 2017 are $650,500 and $718,500 respectively. Compute Accounts payable turnover ratio for 2017