The Moose Hardware Company had accounts receivable of $136,000 and net sales of $470,000. Compute the ratio of accounts receivable to net sales. (Round answer to two decimal places.)

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Net Sales

Net sales is the revenue a company generates from its sales of goods or services after deducting returns, allowances for damaged or missing goods, and discounts.