Georgetown Retail Outlet provided the following financial information:

Accounts Receivable balance as of 1/1/2017$100,000Accounts Receivable balance as of 12/31/2017$110,000Net Credit Sales for the year 2017$766,500Cost of Goods Sold for the year 2017$337,260

Calculate Accounts Receivable Turnover.

7.30 times

50.00 times

0.80 times

454.55 times