RATIO ANALYSIS The following information was taken from Nash, Inc.’s trial balances as of December 31, 2008, and December 31, 2009.

12/31/2009 12/31/2008 Accounts receivable $ 32,000 $ 39,000 Accounts payable 47,000 36,000 Sales 219,000 128,000 Sales returns 4,000 2,300 Retained earnings 47,000 16,000 Dividends 5,000 1,000 Net income 36,000 9,000 Required:

Calculate the net profit margin and accounts receivable turnover for 2009.

Exercise