Potaw Company reported the following data at the end of 2016:

Sales revenue (70% on credit) $370,000

Expenses (27% on credit) 67,000

Accounts receivable, net at December 31, 2016 (a decrease of $7,500 during 2016) 11,500

Total assets 270,000

Stockholders' equity 180,000

What was the accounts receivable turnover ratio?

A 24.26

B 16.98

C 31.17

D 32.17