Selected data of Islander Company follow:

Required:
1. What is the accounts receivable turnover for 2014?
2. What is the inventory turnover for2014?

As of December 3l 2014 $500,000 $475,000 $600,000 Balance Sheet Data 2013 $470,000 $450,000 $550,000 Accounts receivable Allowance for doubtful accounts Net accounts receivable (25,000) (20,000) Inventories lower of cost or market Year Ended December 3, Income Statement Data 2014 2013 Net credit sales Net cash sales Net sales 2,500,000 500,000 $3.000,000 $2,200,000 400,000 2,600,000 Cost of goods sold Selling, general, and administrative expenses Other Total operating expenses $2,000,000 300,000 50,000 2,350,000 $1,800,000 270,000 30,000 S2,100,000