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The Following Information Is from the Annual Financial Statements of Nancy

question 117

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The following information is from the annual financial statements of Nancy Company.
201020092008 Net Sales $307,000$238,000$285,000 Accounts Receivable, net (year-end)  47,90045,70042,400\begin{array} { l r r r } & 2010 & 2009 & 2008 \\\text { Net Sales } & \$ 3 0 7 , 0 0 0 & \$ 2 3 8 , 0 0 0& \$ 2 8 5 , 0 0 0 \\\text { Accounts Receivable, net (year-end) } & 47,900 & 45,700 & 42,400\end{array}
 The following information is from the annual financial statements of Nancy Company.  \begin{array} { l r r r }  & 2010 & 2009 & 2008 \\ \text { Net Sales } & \$ 3 0 7 , 0 0 0  &  \$ 2 3 8 , 0 0 0& \$ 2 8 5 , 0 0 0 \\ \text { Accounts Receivable, net (year-end)  } & 47,900 & 45,700 & 42,400 \end{array}    What is the accounts receivable turnover ratio for 2009? A) 6.41 B) 4.97 C) 6.72 D) 5.40 E) 5.20
What is the accounts receivable turnover ratio for 2009?

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