Based on the income statement and balance sheet for Bankowski Corporation, calculate the companys Accounts Receivable Turnover for 2017. Round your answer to 1 decimal place.

answer choices

a) 20.2

b) 24

c) 17.4

d) 15

Bankowski Corporation Income Statement For Year Ended December 31, 2017 Sales $504.000 Cost of goods sold $327.600 Depreciation expense 33.000 Other operating expenses 125,500 (486,100) Other gains (losses): Gain on sale of equipment 5.200 Income before taxes $23.100 Income tax expense (4.800) Net income $18.300 Bankowski Corporation Balance Sheets At December 31 2017 2016 Assets: $62.650 $55,800 21,000 29,000 58,000 52,100 240,000 222,000 (97,000) (96,000) $284,650 $262.900 Cash Accounts receivable Inventory Equipment Accumulated depreciation Total assets Liabilities: Accounts payable Income taxes payable Total liabilities Equity: Common stock Paid-in Capital in excess of par value Retaine deamings Total equity Total liabilities and equity $28,400 1,050 $29,450 $23,700 1,200 $24,900 $106,000 $106,000 18,000 18,000 131,200 114,000 $255,200 $238,000 $284,650 $262,900