Selected data from Quach Company follow.

Required
Compute the following and round computations to two decimal points.
a. The accounts receivable turnover for 2015.
b. The inventory turnover for 2015.
c. The net margin for2014.

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Balance Sheet Data As of December 31 2015 2014 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market $720,000 640,000 (60,000) 40,000) $660,000 $600,000 $450,000 $500,000 Income Statement Data Year Ended December 31 2015 2014 $5,000,000 $3,600,000 800,000 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses 1,000,000 $6,000,000 $4 400,000 3,500,000 $2,600,000 320,000 300,000 24100 $4,400,000 $3,160,000 600,000