$\backslash$table$[[\backslash$table$[[$Seaforce Manufacturing Inc.$],[$Income Statement$],[$Year Ended December $31,20$X$5]]],[$Sale$,,$$$340,000],[$Cost of goods sold,,$$250,100],[$Gross Profit,,$$89,900],[$Operating Expenses,$$55,000,],[$Loss on Sale of equipment,$$2,500,$$$57,500],[$Profit from Operations,,$$32,400],[$Other expenses$],[$Interest Expense,,$$3,500],[$Profit before Income Tax,,$$28,900],[$Income Tax Expense,,$$12,000],[$Profit$,,$$$16,900]]$

Additional Information:

Operating expenses include depreciation expense of $$10,000$

Accounts Payable related to the purchase of inventory

Equipment that cost $$12,500$ was sold at a loss of $$2,500$

New equipment was purchased during the year for $$8,500$

Dividends declared and paid in $20$X$5$ totalled $$3,000$

Common shares were sold for $$12,000$ cash

Interest payable in $205$ was $$800$ greater than interest payable in $20$X$4$

Seaforce Manufacturing Inc. comparative balance sheet at December $3120$X$5$

Round answers to fit $2$ decimal places in all questions $($in $\%$ questions a $0\mathrm{.}12$ is presented as $12\%,$ so a $0\mathrm{.}124$ is rounded as $12\%$ and $0\mathrm{.}127$ is rounded as

$13\%)$

Required $1$: What was the accounts receivable turnover at December $20$X$4$:

Required $2$: Whe working capital turnover at December $20$X$5$: