Selected data from Peninsula is here:

Balance Sheet Data		2015	2014
Accounts Receivable		$640,000	$620,000
Inventory		542,000	642,000
Income Statement Data		2015	2014
Sales		$3,150,000	$3,000,000
Cost of Goods Sold		2,100,000	2,300,000
Selling and General expenses		400,000	350,000
Other		100,000	100,000
Net Income		550,000	250,000

Required:

1. What is the accounts receivable turnover for Peninsula?

2. What is the inventory turnover for Peninsula?

3. Frankly, any computation made by an outsider who looks at the financial statements gives an average across all the products and customers. People inside the company have much superior information and can compute turnovers separately by products and customers. Does this mean the computations lack value? Be specific about why it might have value, if it does.