Question
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,
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
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
