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The following information is from the annual financial statements of Nancy Company. 2013 2012 2011 Net sales $322,000 $250,000 $297,000 Account receivable, net (year-end) 49,400
| The following information is from the annual financial statements of Nancy Company. |
| 2013 | 2012 | 2011 | |
| Net sales | $322,000 | $250,000 | $297,000 |
| Account receivable, net (year-end) | 49,400 | 46,900 | 43,600 |
| What is the accounts receivable turnover ratio for 2012? |
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