Selected data from Komar Company follow.

Required
Compute the following and round computations to two decimal points:
a. The accounts receivable turnover for 2014.
b. The inventory turnover for 2014.
c. The net margin for2013.

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Balance Sheet As of December 31 2014 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market $500,000 (20,000) $480,000 $600,000 2013 S450,000 S434,000 (16,000) $525,000 income Statement for the Years Ended December 31 2014 2013 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses $2,000,000 400,000 2,400,000 1,600,000 240,000 $1,760,000 320,000 2,080,000 1,440,000 216,000 40,000 24,000 $1,880,000 $1,680,000