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The following information is from the annual financial statements of Nancy Company. Net Sales: 2010...$307,000 2009...$238,000 2008...$285,000 Accounts Receivable, net (Year-end) 2010...47900 2009... 45,700 2008...42,400

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

Net Sales:

2010...$307,000

2009...$238,000

2008...$285,000

Accounts Receivable, net (Year-end)

2010...47900

2009... 45,700

2008...42,400

What is the accounts receivable turnover ratio for 2010?

Select one:

a. 6.41

b. 4.97

c. 6.72

d. 5.40

e. 5.20

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