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The Following Information Is from the Annual Financial Statements of Nancy

Question 148

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The following information is from the annual financial statements of Nancy Company.
201320122011 Net sales $307,000$238,000$285,000 Accounts receivable, net (year-end)  47,90045,70042,400\begin{array}{lrrr}&2013&2012&2011\\\text { Net sales } & \$ 307,000 & \$ 238,000 & \$ 285,000 \\\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}{lrrr} &2013&2012&2011\\ \text { Net sales } & \$ 307,000 & \$ 238,000 & \$ 285,000 \\ \text { Accounts receivable, net (year-end) } & 47,900 & 45,700 & 42,400 \end{array} What is the accounts receivable turnover ratio for 2013? A) 6.41 B) 4.97 C) 6.72 D) 5.40 E) 6.56
What is the accounts receivable turnover ratio for 2013?


A) 6.41
B) 4.97
C) 6.72
D) 5.40
E) 6.56

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