Selected data from Komar Company follow. a. Compute the accounts receivable turnover for 2014. (Round your answer

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Selected data from Komar Company follow.

Balance Sheet As of December 31 2014 2013 $ 500,000 $ 450,000 Accounts receivable Allowance for (20,000 ) (16,000 ) doub
Income Statement for the Years Ended December 31 2014 $ 2,000,000$ 1,760,000 400,000 2013 Net credit sales cash sales Ne


a. Compute the accounts receivable turnover for 2014. (Round your answer to 2 decimal places Accounts receivable turnover: times
b. Compute the inventory turnover for 2014. (Round your answer to 2 decimal places.) Inventory turnover: times
c. Compute the net margin for 2013. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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