The Following Information Is from the Annual Financial Statements of Nancy

question 14

Multiple Choice

The following information is from the annual financial statements of Nancy Company.
$\begin{array}{lrrr} & 2013 & 2012 &{2011} \\\text { Net sales } & \$ 307,000 & \$ 238,000 & \$ 285,000 \\\text { Accounts receivable, net (year-end) } & 47,900 & 45,700 & 42,400\end{array}$ What is the accounts receivable turnover ratio for 2013?

• A) 6.41
• B) 4.97
• C) 6.72
• D) 5.40
• E) 6.56

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Definitions:

Human Capital

The economic value of an individual's skills, knowledge, and experiences.

Future Earnings

Projected profits or income of a company or individual, often used in investment analysis to evaluate potential growth.

Nonmonetary Considerations

Factors influencing decisions that are not based on money or financial gain, such as ethics or environmental impact.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.