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.
$\begin{array}{lrrr}&2010&2009&2008\\\text { Net Sales } & \$ 307,000 & \$ 238,000 & \$ 285,000 \\\text { Accounts Receivable, net (year-end) } & 47,900 & 45,700 & 42,400\end{array}$
What is the accounts receivable turnover ratio for 2009?

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