Selected data from Anthony Company follow.

Required
Compute the following:
a. The accounts receivable turnover for 2008.
b. The inventory turnover for 2008.
c. The net margin for2008.

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Balance Sheet Data As of December 31 2008 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 2007 S380,000 $350,000 S490,000 40,000 30,000 $450,000 $600,000 $480,000 Income Statement Data For the Year Ended December 31 2008 2007 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 S1,760,000 320,000 2,080,000 1,440,000 216,000 24,000 $1,880,000 $1,680,000 400,000 2,400,000 1,600,000 240,000 40,000