Following information is given 

		2014	2013
balance sheet items
	accounts receivable	$ 380,000.00	$ 376,000.00
	Allowance for doubtful accounts	$ (20,000.00)	$ (16,000.00)
	net accounts receivable	$ 360,000.00	$ 360,000.00
	Inventory	$ 480,000.00	$ 440,000.00
Income statement items
	Sales	$ 3,400,000.00	$ 3,080,000.00
	cost of goods sold	$ 1,600,000.00	$ 1,440,000.00
	operating expenses	$ 780,000.00	$ 680,000.00

 Calculate

 (1) 2014 accounts receivable turnover

 (2) 2014 inventory turnover

 (3) 2014 net margin.

Answer rating: 100% (QA)

To calculate the answers we can use the following formulas Accounts Receivable Turnover Sales Averag... View the full answer