The following information is from the annual financial statements of Nancy Company.

Net Sales 2010 is $307,000 2009 is $238,000 2008 is $285,000

Accounts Receivable, net (Year-end) 2010 is 47900 2009 is 45,700 2008 is 42,400

What is the accounts receivable turnover ratio for 2009?

Select one:

a. 6.41

b. 4.97

c. 6.72

d. 5.40

e. 5.20