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?

Question

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?

Quizplus · Accepted Answer

The Answer of 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?

The Following Information Is from the Annual Financial Statements of Nancy