The Following Information Is from the Annual Financial Statements of Nancy

Multiple Choice

The following information is from the annual financial statements of Nancy Company.
$$\begin{array} { l r r r } & 2010 & 2009 & 2008 \\\text { Net Sales } & \$ 3 0 7 , 0 0 0 & \$ 2 3 8 , 0 0 0& \$ 2 8 5 , 0 0 0 \\\text { Accounts Receivable, net (year-end) } & 47,900 & 45,700 & 42,400\end{array}$$

What is the accounts receivable turnover ratio for 2009?

A) 6.41
B) 4.97
C) 6.72
D) 5.40
E) 5.20