Accounts receivable turnover, inventory turnover, and net margin Selected data from Warren Company follow.

Required
Compute the following:
a. The accounts receivable turnover for 2011.
b. The inventory turnover for 2011.
c. The net margin for 2010.

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Balance Sheet As of December 31 2010 2011 $376,000 Accounts receivable $400,000 (20,000) $380,000 $480,000 Allowance for doubtful accounts (16,000) $360,000 Net accounts receivable Inventories, lower of cost or market $440,000 Income Statement for the Years Ended December 31 2011 2010 Net credit sales $2,000,000 $1,760,000 320,000 Net cash sales 400,000 2,400,000 Net sales 2,080,000 Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses 1,600,000 240,000 40,000 1,440,000 216,000 24,000 $1,880,000 $1,680,000