Selected data of Islander Company follow:

Required:
1. What is the accounts receivable turnover for 2017?
2. What is the inventory turnover for 2017?

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As of December 31, Balance Sheet Data Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories-lower of cost or market 2017 2016 $500,000 $470,000 (20,000) $450,000 $550,000 (25,000) $475,000 $600,000 Year Ended December 31 Income Statement Data 2017 2016 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other Total operating expenses $2,500,000 500,000 $3,000,000 $2,000,000 300,000 50,000 $2,350,000 $2,200,000 400,000 $2,600,000 $1,800,000 270,000 30,000 $2,100,000